May 06, 2021 08:03 AM (GMT+8)
The frenzied trading in game posts could lead to new rules for online brokers and companies that dominate the execution of stock orders, SEC chairman Gensler hinted on Wednesday. Gensler said he had asked SEC staff to seek public opinion on "Gamification."“ "Gamification" refers to a function similar to video games, which critics associate most closely with US stock broker Robin Hood. He also said the SEC would step up its review of order flow payments, with citadel securities and other companies paying brokers for order execution rights.
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