FT News Briefing SEC chair reviews ‘uneven’ US equities market
Jun 9, 2022
The chair of the SEC highlights plans to tackle issues in the U.S. equity market, aiming for greater fairness. Discussions reveal challenges faced by retail investors amidst a segmented marketplace. A new podcast explores the complex ownership structures and ethical dilemmas in the porn industry. It delves into the evolution of adult entertainment and the importance of digital safety. The episode offers a unique blend of finance and provocative topics, showcasing how diverse markets intersect in surprising ways.
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Uneven Stock Market
- SEC Chair Gary Gensler finds the US stock market "uneven" and wants to overhaul it.
- He's concerned about the lack of a level playing field for retail investors.
Auction Process for Stocks
- Consider an auction process to make stock trading more competitive for retail investors.
- This could address potential conflicts of interest with brokers sending orders to wholesalers.
Muni Bonds Rebound
- US municipal bonds had a terrible start to the year, but demand has surged recently.
- Investors are turning to these bonds as a safe haven amid recession fears.