SEC's Gensler: Meme stock trading restrictions 'not good' for retail investors

Yahoo Finance2021-10-25

The U.S. Securities and Exchange Commission (SEC) is still weighing its response to the frenzy over meme stocks, but its leader acknowledged that investors were among the losers when brokerages ...

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精彩评论

EHG
2021-10-26
EHG
Like
Taigal
2021-10-26
Taigal
Tell me your opinion about this news...
lsjk
2021-10-26
lsjk
Like
ASMH
2021-10-26
ASMH
Like
- lsjk:
  ok
Gackky
2021-10-26
Gackky
well, whales pay them more than we small time retail investors do… ofcos they have to listen to their paymaster
- Gackky:
  without retail investors, how they earn so much.. by absorbing our hard earned money[Facepalm]
- Bull_Lion:
  Without retail investors, who’s gonna take on the greedy hedge funds shorting stocks 😁
AshleyKinson
2021-10-26
AshleyKinson
Evil lurking
- chiin:
  Indeed

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The report notes that restrictions were largely the result of a spike in margin requirements that clearinghouses (who actually settle trades themselves) required the brokerages to hold given the massive volatility in those stocks.\nThe report suggested that shorter settlement times could reduce the likelihood of unexpected margin requirements — and thus the need to restrict trading — in the future. But the report detailed no specific policy actions going forward.\nBanning payment for order flow\nGensler told Yahoo Finance that among other policy considerations, banning the practice of payment for order flow remains an option.\nThe model, which has enabled zero-commission trades popularized by Robinhood, relies on routing orders through wholesale market-makers like Citadel Securities and Virtu Financial. Those middlemen firms try to execute trades at better prices than the customer asked for, splitting the cost savings among itself and the brokerage that routed the order.\nGensler said \"inherent conflicts\" may incentivize brokerages to gamify stock betting to increase the volume of trading.\n“When you have efficiency, it’s lower cost in the middle, that’s better for companies raising money and it’s better for the investor,” said Gensler, referring to possible changes to the payment for order flow model. “It may mean there’s a little less economic rent for folks in the middle.”\nGensler said that the SEC broadly supports retail investing, noting that families should be enabled to use stock market bets if they want to build a nest egg for retirement, among other reasons.\n“Retail being part of the [investing] mix — and a growing part of the mix — can be good as long as there’s a real cop on the beat looking at the rules in place,” Gensler 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whales pay them more than we small time retail investors do… ofcos they have to listen to their paymaster","listText":"well, whales pay them more than we small time retail investors do… ofcos they have to listen to their paymaster","text":"well, whales pay them more than we small time retail investors do… ofcos they have to listen to their paymaster","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/856567453","repostId":2178276654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6325742,"gmtCreate":1635208563939,"gmtModify":1635208564148,"authorId":3574326723774097,"author":{"id":3574326723774097,"idStr":"3574326723774097","authorId":3574326723774097,"name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":856567453,"type":1,"supId":0,"prevId":0,"content":"without retail investors, how they earn so much.. by absorbing our hard earned money[Facepalm]","text":"without retail investors, how they earn so much.. by absorbing our hard earned money[Facepalm]","html":"without retail investors, how they earn so much.. by absorbing our hard earned money[Facepalm]"},{"id":6324476,"gmtCreate":1635204596311,"gmtModify":1635204596369,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Bull_Lion","avatar":"https://static.tigerbbs.com/97c7d011186160cd333508e7d9191f74","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":856567453,"type":1,"supId":0,"prevId":0,"content":"Without retail investors, who’s gonna take on the greedy hedge funds shorting stocks 😁","text":"Without retail investors, who’s gonna take on the greedy hedge funds shorting stocks 😁","html":"Without retail investors, who’s gonna take on the greedy hedge funds shorting stocks 😁"}],"langContent":"CN"},{"id":856568527,"gmtCreate":1635203466103,"gmtModify":1635203466523,"author":{"id":"3556768594543699","authorId":"3556768594543699","name":"AshleyKinson","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3556768594543699","authorIdStr":"3556768594543699"},"htmlText":"Evil lurking","listText":"Evil lurking","text":"Evil lurking","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/856568527","repostId":2178276654,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6324081,"gmtCreate":1635203492614,"gmtModify":1635203492733,"authorId":3560902410034010,"author":{"id":3560902410034010,"idStr":"3560902410034010","authorId":3560902410034010,"name":"chiin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":856568527,"type":1,"supId":0,"prevId":0,"content":"<u>Indeed</u>","text":"<u>Indeed</u>","html":"<u>Indeed</u>"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":354,"commentSize":30,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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