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SEC trading proposal sparks Wall Street outcry
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fnlondon.comBrokerages and trading firms pushed back forcefully against Securities and Exchange Commission chairman Gary Gensler’s proposed changes to US stock-trading rules, saying the market is functioning well for ordinary investors.
Gensler outlined the potential changes 8 June and was greeted with scepticism from an array of financial-industry executives who said the SEC’s far-reaching plans are unnecessary.
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