06.10.22

Wall Street and the SEC Are Headed for Clash on Commission-Free Trading

by: Claire Ballentine

The U.S. Securities and Exchange Commission’s bid to overhaul rules for the stock market is reigniting a debate over how good retail investors really have it and whether anything Wall Street is selling is actually free. SEC Chair Gary Gensler argues the U.S. equities market is riddled with hidden costs and conflicts-of-interest. There’s a “lack of a level playing field,” he said. The two sides are headed for a major clash, and the future of commission-free trading may be at stake.

Read the full article on Bloomberg