Brokerages and trading firms pushed strongly against Securities and Exchange Commission Chairman Gary Gensler’s proposed changes to US stock-trading rules, saying the market was working well for ordinary investors.
Mr Gensler outlined possible changes on Wednesday. In one of the key elements of his proposed package of rule changes, he said he has asked agency employees to consider requiring brokerages to accept orders from individual investors to buy or sell stock at auction, market In an effort to increase competition in ,