What To Expect From SEC's Equity Market Recommendations

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By Justin Chretien (October 7, 2021, 3:38 PM EDT) — The U.S. Securities and Exchange Commission will soon release its report and recommendations regarding the GameStop Corp. event last January and related equity market structure issues.

In testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on Sept. 14, SEC Chair Gary Gensler highlighted two concerns that will likely be addressed:

How does the SEC facilitate greater competition and efficiency on an order-by-order basis when people submit orders to the marketplace?

How does the SEC address financial conflicts in the market, including conflicts associated with both payment for order flow, or PFOF,[1] and exchange rebates?[2]

In prior statements, Gensler…