SEC Chair Gary Gensler @PiperSandler Exchange Conf:
Payment for order flow raises a number of important questions. Do broker-dealers have inherent conflicts of interest? If so, are customers getting best execution in the context of that conflict?
@SEC_News @CNBC— Bob Pisani (@BobPisani) June 9, 2021
Tweet by Bob Pisani on Twitter – SEC Chair Gary Gensler IV
TweetSEC Chair Gary Gensler @PiperSandler Exchange Conf:
Gamification of trading has features that may encourage investors to trade more, leading to more payment for order flow for the brokers. more active trading may result in lower returns for the average trader.@SEC_News @CNBC— Bob Pisani (@BobPisani) June 9, 2021
Tweet by Bob Pisani on Twitter – SEC Chair Gary Gensler III
TweetSEC Chair Gary Gensler @PiperSandler Exchange Conf: public exchanges account for only 53% of trading volume. 9% from dark pools, 38% from off-exchange wholesalers. Exchanges compete to offer best price, but wholesalers use a less competitive benchmark.@SEC_News @CNBC
— Bob Pisani (@BobPisani) June 9, 2021
Tweet by Bob Pisani on Twitter – SEC Chair Gary Gensler II
TweetSEC Chair Gary Gensler @PiperSandler Exchange Conf:
there are signs hat the NBBO [National Best Bid and Offer] is not a complete enough representation of the market with half of the trading interest either in dark pools or is internalized by wholesaler.@SEC_News @CNBC— Bob Pisani (@BobPisani) June 9, 2021
Tweet by Bob Pisani on Twitter – SEC Chair Gary Gensler
TweetSEC Chair Gary Gensler @PiperSandler Exchange Conf:
We now have the technology to further shorten the settlement cycles, not only to T+1, but even to same-day settlement — T+0 or “T+evening. Shortening the settlement cycle could reduce costs and risks.
@SEC_News @CNBC— Bob Pisani (@BobPisani) June 9, 2021
Article: SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors
Article - Media, Publications
SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors
Bob Pisani, 20 May 2021
Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’ savings.”
Gensler made his remarks at a Financial Industry Regulatory Authority conference with Robert Cook, president and CEO of FINRA. FINRA is the agency that regulates broker-dealers and exchanges.
As he did in his recent Congressional testimony, Gensler emphasized that enforcement would be a key part of protecting the public.
Article: Gary Gensler has a full agenda as he gets set to take over the SEC
Article - Media, PublicationsGary Gensler has a full agenda as he gets set to take over the SEC
Bob Pisani, 14 April 2021
(The Senate is expected to confirm Gary Gensler as the new chairman of the Securities and Exchange Commission on Wednesday, and crypto assets — including bitcoin — are likely high on his agenda.
With Democrats in control of all three major branches of government, and the SEC commissioners now with a 3-2 Democratic majority, Gensler is likely to face calls from progressives to act on several fronts, including ESG, the Gamestop fallout, the Archegos fiasco, payment for order flow, fiduciary obligations, and especially regulations around securities in the crypto space, including a bitcoin ETF.
A Senate vote on Gensler’s nomination is scheduled for 11:45 a.m. ET. Continue reading “Article: Gary Gensler has a full agenda as he gets set to take over the SEC”
Tweet: Citadel CEO Ken Griffin on the current two day period to settle stock transactions
TweetCitadel CEO Ken Griffin on the current two day period to settle stock transactions (T + 2): We should push now for T +1 settlement. We will one day go to real-time settlements.@CNBC @citsecurities $GME
— Bob Pisani (@BobPisani) February 18, 2021
