Skip to main content

Newsroom

May 14, 2013

SEC chair agrees with calls for U.S. stock market review: offical

The head of the Securities and Exchange Commission, Mary Jo White, is on board with calls for a broad review of the framework of the U.S. equity market, which has been roiled by softwareglitches over the past year, an SEC commissioner said on Monday.

White, who took over the SEC in February, has not discussed the issue in detail and nothing concrete has been decided, Commissioner Daniel Gallagher said after 20 industry officials discussed equity market structure at a roundtable.

“‘We haven’t talked too much in depth on market structure issues,’ Gallagher said. ‘I know that she is on board with the idea that it is a huge issue and we need to resource it and come up with a plan.

“‘We have to do a holistic review. Nobody is arguing against it,’ said Gallagher, who had urged a wide-ranging review of the U.S. equity marketplace in a widely commented speech in October.”

***

Read full Reuters article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today