Virtu, one of the most active firms in the payment for order flow sector, has been hit with an enforcement by the Securities and Exchange Commission (SEC). According to the SEC’s allegations, Virtu allowed access to material, nonpublic information (MNPI) which could have been used… Read More
Read more in: Politics, Legal & Regulation | Tagged carolyn welshhans, enforcement, payment for order flow, sec, virtu
Senator Pat Toomey, the ranking member on the Senate Banking Committee, has introduced legislation designed to protect payment for order flow – the legal practice where firms pay to process trades collected by broker-dealers. The practice has garnered scrutiny due to its utilization by Robinhood,… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged legislation, pat toomey, payment for order flow, robinhood, virtu
SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”. Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Fintech, Opinion, Politics, Legal & Regulation | Tagged doug cifu, elizabeth warren, gary gensler, patrick toomey, payment for order flow, perspective, regulation, senate banking committee, sherrod brown, virtu
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