Welcome to SEC Roundup, a bimonthly video collection by Paul Hastings companions and former Securities and Trade Fee senior trial counsels Nick Morgan and Tom Zaccaro exploring present SEC matters with thought leaders and business specialists.
On this episode, Morgan and Zaccaro discuss with Bloomberg columnist Nir Kaissar about two SEC proposed guidelines that will dramatically alter the way in which securities transactions are dealt with.
“Taken collectively, these guidelines seem designed to discourage the kind of commission-free buying and selling (in alternate for receiving payment-for-order-flow from market makers) that has confirmed immensely widespread with retail securities merchants,” in line with Morgan.
Morgan and Zaccaro discuss with Kaissar about whether or not “these proposed guidelines shield traders or do they sign the start of the tip to the motion towards ‘democratization of the capital markets?’”
When Reg Finest Execution, “you’re struck by the compliance obligation that they’re [the SEC is] placing on monetary companies which might be utilizing fee for order move,” Kaissar says.
See the video above for the dialogue with Kaissar.
