U.S. SEC chair signals sweeping review of exchange, broker rules

Gary Gensler, chair of the U.S. markets watchdog, has asked his staff to recommend rules for ensuring fair competition between exchanges and brokers, signaling a potentially major shake-up for the U.S. equities markets.

The Securities and Exchange Commission (SEC) rules would address "payment-for-order-flow," "best execution" and the "national best bid and offer," among other structural issues, he told a virtual conference on financial technology and global markets at Piper Sandler on Wednesday.

https://www.reuters.com/legal/litig...s-ensure-fair-competition-between-2021-06-09/

 

Blah blah blah... we'll file this one with "More oversight for Investment banks," "We don't know where the Coronavirus came from," and maybe "I did not have sexual relations with Monica Lewinski."

 

I recall that one. It was "I did not have sexual relations with that woman...Miss Lewinsky..."

 

Technically speaking he was not lying. A sexual relation involves the physical act of copulation of his own body and that of "that woman" which he never engaged in. https://www.merriam-webster.com/dictionary/sexual intercourse

 

I wasn't engaging in a refutation about the definition of what a sexual relation is defined as. I was simply trying to clear up his exact verbiage, heh.

 

By adding "that woman..."? LOL Ok.

 

It is what he said, IIRC. I like to satisfy my brain's remembrance patterns. I am an audio guy. I must have the audio correct in my head. It's hard to explain.

 

Oh yes you also changed "Monica" to "Miss". LOL Hope this addition of mine is more correct to you now.

 

Had to look it up to be sure. Thankfully what I remembered was correct. My brain still has some working neural pathways left.

 

Yup! And he was absolutely correct!! As long as you are trading, of course your brain's neural pathways are working.