SEC Chair Gensler: Agency Is Looking at Retail Brokerage Apps, How They Make Money on Trades
By Tarikul in Technology
Updated 3 years ago
SEC is looking into how apps encourage more stock trading and then make money off the execution of those trades, new Chairman Gary Gensler told CNBC. "There is a little bit of a conflict of interest," he said Friday, highlighting zero commissions and so-called payment for order flow. Gensler said...