WASHINGTON – The Securities and Exchange Commission is preparing to propose major changes to the plumbing of the stock market this fall.
President Gary GenslerSEC staff directed last year To explore ways to make the stock market more efficient for small investors and public companies. Although aspects of the effort are in different stages of development, an idea that has gained traction is requiring brokerages to send orders from most individual investors to auctions where trading firms compete to execute them, in this case. Familiar people said.