SEC https://www.benzinga.com/views/taxonomy/term/171552 en Why This Activist Investor Is Calling For Tesla To Be Investigated By SEC https://www.benzinga.com/government/22/07/27936602/report-tesla-ceo-elon-musk-under-sec-investigation-for-possible-insider-trading <p>SOC Investment Group<strong> </strong>asked the Securities and Exchange Commission Friday to investigate<strong> Tesla, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>)<strong> </strong>as the company seeks to shrink the size of its board,<strong> </strong><a href="https://www.cnbc.com/2022/07/01/activist-investors-ask-sec-to-probe-tesla-over-plans-to-shrink-board.html">according to CNBC.</a>&nbsp;</p> <p><strong id="docs-internal-guid-1ebfe3f6-7fff-aad1-e876-6b16193dd42f">What Happened: </strong>In a June <a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459022024064/tsla-def14a_20220804.htm#PROPOSAL_ONE">preliminary proxy filing</a>, Tesla announced that<strong> Oracle Corporation </strong>(NYSE: ORCL<strong>) </strong>founder<strong> Larry Ellison </strong>would not seek re-election for his board of directors seat at the annual shareholder&rsquo;s meeting.</p> <p>While this announcement is nothing out of the ordinary, what Tesla decided to do next is.&nbsp;</p> <p>Instead of replacing the seat that will be left open as ...</p><p><a href=https://www.benzinga.com/government/22/07/27936602/report-tesla-ceo-elon-musk-under-sec-investigation-for-possible-insider-trading alt=Why This Activist Investor Is Calling For Tesla To Be Investigated By SEC>Full story available on Benzinga.com</a></p> CNBC Elon Musk Government Large Cap News SOC Investment TSLA Short Ideas SEC Movers Media Trading Ideas TSLA US88160R1014 News Government Large Cap Short Ideas SEC Movers Media Trading Ideas Benzinga Fri, 01 Jul 2022 21:01:10 +0000 Dylan Wechsler 27936602 at https://www.benzinga.com Barry Silbert's Grayscale Sues SEC For Rejecting Spot Bitcoin ETF Proposal https://www.benzinga.com/news/22/06/27911004/barry-silbert-says-grayscale-is-suing-the-sec-after-regulator-turned-down-spot-bitcoin-etf-conversio <p>CEO and founder of <strong>Digital Currency Group</strong> (DCG) <strong>Barry Silbert</strong> said <strong>Grayscale Investments </strong>is suing the U.S. <strong>Securities and Exchange Commission.</strong>&nbsp;</p> <p><strong>What Happened: </strong>Grayscale, which is owned by DCG, is challenging the decision by the SEC to deny the conversion of <strong>Grayscale Bitcoin Trust</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gbtc#OTC">GBTC</a>) into a spot <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded fund, according to a statement shared by Silbert.</p> <blockquote class="twitter-tweet"><p>Grayscale Investments Initiates Lawsuit Against the SEC<a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GBTC</a> <a href="https://t.co/bHNfmqHEV4">https://t.co/bHNfmqHEV4</a></p> <p>&mdash; Barry Silbert (@BarrySilbert) <a href="https://twitter.com/BarrySilbert/status/1542313605785329667?ref_src=twsrc%5Etfw">June 30, 2022</a></p></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>&ldquo;Through the ETF application review process, we believe American investors overwhelmingly voiced a ...</p><p><a href=https://www.benzinga.com/news/22/06/27911004/barry-silbert-says-grayscale-is-suing-the-sec-after-regulator-turned-down-spot-bitcoin-etf-conversio alt=Barry Silbert&#039;s Grayscale Sues SEC For Rejecting Spot Bitcoin ETF Proposal>Full story available on Benzinga.com</a></p> $BTC Barry Silbert Bitcoin bitcoin ETF Cathie Wood Cryptocurrency GBTC Grayscale Investments News Legal SEC Markets GBTC $BTC News Cryptocurrency Legal SEC Markets Benzinga Thu, 30 Jun 2022 05:22:05 +0000 Shivdeep Dhaliwal 27911004 at https://www.benzinga.com SEC Fines Ernst & Young $100M Over Auditors Who Cheated On Their CPA Exams https://www.benzinga.com/government/22/06/27883056/sec-fines-ernst-young-100m-over-auditors-who-cheated-on-their-cpa-exams <p>The accounting giant <strong>Ernst &amp; Young LLP </strong>(EY) was fined $100 million Tuesday by the <strong>U.S. Securities and Exchange Commission </strong>(SEC) to settle charges that its&nbsp;audit professionals cheated on the exams required to obtain and maintain Certified Public Accountant (CPA) licenses.</p> <p>EY was also charged with withholding evidence of this misconduct from the SEC&rsquo;s Enforcement Division during the investigation into the matter.</p> <p><strong>What Happened: </strong>According to a statement from the SEC, EY acknowledged that &ldquo;a significant number&rdquo; of its auditors&nbsp;cheated on the ethics component of CPA exams and various continuing professional education courses ...</p><p><a href=https://www.benzinga.com/government/22/06/27883056/sec-fines-ernst-young-100m-over-auditors-who-cheated-on-their-cpa-exams alt=SEC Fines Ernst &amp; Young $100M Over Auditors Who Cheated On Their CPA Exams>Full story available on Benzinga.com</a></p> CPA Ernst & Young Government News SPY U.S. Securities and Exchange Commission SEC SPY US78462F1030 News Government SEC Benzinga Tue, 28 Jun 2022 14:09:47 +0000 Phil Hall 27883056 at https://www.benzinga.com Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin https://www.benzinga.com/markets/cryptocurrency/22/06/27866983/commodity-or-security-new-bitcoin-insights-from-sec-chairman-gary-gensler <p><strong>Gary Gensler</strong>, the Chairman of the Securities and Exchange Commission (SEC), stated that <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stands as the only cryptocurrency he would deem a commodity, considering&nbsp;others to be a security.</p> <p><strong>What Happened</strong>: In an interview with CNBC on June 27, Gensler provided his insights on Bitcoin&rsquo;s classification as a commodity as compared to a security.<a href="https://www.marketwatch.com/story/gensler-labels-bitcoin-a-commodity-as-crypto-prices-stabilize-11656340239?siteid=yhoof2"> As reported&nbsp;by MarketWatch</a>, Gensler has previously stated &ldquo;Many of these tokens&hellip;the investing public is hoping for a return just like when they invest in other financial assets we call securities, Many of these financial assets, crypto financial assets have the key attributes of a security.&rdquo;</p> <p>Furthermore, recent legislation endeavors&nbsp;to give the Commodity Futures Trading Commission oversight ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/06/27866983/commodity-or-security-new-bitcoin-insights-from-sec-chairman-gary-gensler alt=Commodity Or Security? SEC Chairman Gary Gensler Gives His Take On Bitcoin>Full story available on Benzinga.com</a></p> $BTC Bitcoin Commodity Cryptocurrency Gary Gensler News SEC Markets $BTC News Cryptocurrency SEC Markets Benzinga Mon, 27 Jun 2022 18:16:19 +0000 Shiv Juneja 27866983 at https://www.benzinga.com Terra Developer Do Kwon Hit With Another Class-Action Lawsuit https://www.benzinga.com/markets/cryptocurrency/22/06/27780152/terra-developer-do-kwon-hit-with-another-class-action-lawsuit <p>A <a href="https://www.docdroid.net/fAFxC9p/terra-lawsuit-pdf#page=4">lawsuit</a> has been filed in U.S. District Court, Northern District of California, by Scott+Scott Attorneys at Law, against <strong>Terra</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) founder <strong>Do Kwon</strong> and his developer company Terraform Labs.</p> <p>In the lawsuit, it is stated that Kwon&#39;s project team &nbsp;misrepresented Terra&#39;s&nbsp;stability to win the&nbsp;<a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a>&nbsp;of&nbsp;crypto investors.&nbsp;</p> <p>The lawsuit also claims that between May 6 and May ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/06/27780152/terra-developer-do-kwon-hit-with-another-class-action-lawsuit alt=Terra Developer Do Kwon Hit With Another Class-Action Lawsuit>Full story available on Benzinga.com</a></p> $LUNA Cryptocurrency Do Kwon lawsuit Luna News Terra Legal SEC Markets $LUNA News Cryptocurrency Legal SEC Markets Benzinga Sun, 19 Jun 2022 19:05:51 +0000 Bibhu Pattnaik 27780152 at https://www.benzinga.com SEC Initiates Investigation Into Insider Trading In Crypto Exchanges https://www.benzinga.com/22/06/27747199/sec-initiates-investigation-into-insider-trading-in-crypto-exchanges <p><strong>The Securities and Exchange Commission (SEC) has launched an investigation to ascertain if cryptocurrency exchanges are doing enough to curb insider trading on their platforms, according to a <a href="https://www.foxbusiness.com/markets/sec-inquiry-gensler-bitcoin-crypto-exchanges">report</a> by Fox Business.</strong></p> <p>Quoting an unnamed source having knowledge of the investigation, the report states that at least one crypto exchange has been sent an official communication by the SEC seeking information on the processes followed to protect its users from malpractices like insider trading.</p> <p>The SEC&rsquo;s ...</p><p><a href=https://www.benzinga.com/22/06/27747199/sec-initiates-investigation-into-insider-trading-in-crypto-exchanges alt=SEC Initiates Investigation Into Insider Trading In Crypto Exchanges>Full story available on Benzinga.com</a></p> $LUNA contributors Cryptocurrency Fintech Government News Regulations Insider Trades Federal Reserve SEC Markets $LUNA News Government Cryptocurrency Regulations Fintech Insider Trades Federal Reserve SEC Markets Benzinga Thu, 16 Jun 2022 16:35:51 +0000 Murtuza Merchant 27747199 at https://www.benzinga.com Crypto-SPAC Deals Stuck In SEC Lag As Demand Falls After Crash: Bloomberg https://www.benzinga.com/markets/cryptocurrency/22/06/27736990/crypto-spac-deals-stuck-in-sec-lag-with-falling-demand-bloomberg <p>Crypto companies confront yet another challenge on top of the ones they already face. This time, the industry has been stuck in a lengthy back-and-forth with U.S. regulators since last year&#39;s boom,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-06-15/crypto-spac-deals-get-stuck-in-sec-limbo-as-token-demand-plunges#xj4y7vzkg" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">writes Bloomberg</a>.</p> <p><strong>Related</strong>:<em>&nbsp;</em><a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/05/27291182/could-terras-stablecoin-struggles-effect-the-circle-spac-deal-and-valuation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank"><em>Could Terra&#39;s Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?</em></a></p> <p><strong>What happened:</strong>&nbsp;According to people familiar with the matter, bids to ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/06/27736990/crypto-spac-deals-stuck-in-sec-lag-with-falling-demand-bloomberg alt=Crypto-SPAC Deals Stuck In SEC Lag As Demand Falls After Crash: Bloomberg>Full story available on Benzinga.com</a></p> $BTC $ETH Cryptocurrency News SPACs SPACs Attack SPAK SPY SEC Markets SPY US78462F1030 $ETH $BTC SPAK News Cryptocurrency SEC Markets Benzinga Thu, 16 Jun 2022 11:56:02 +0000 Akanksha Bakshi 27736990 at https://www.benzinga.com Donald Trump-Linked Stock Digital World Is Falling Today: Here's Why https://www.benzinga.com/news/small-cap/22/06/27683866/donald-trump-linked-stock-digital-world-is-falling-today-heres-why <p><strong>Digital World Acquisition Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) shares are trading lower Monday after the company&nbsp;filed a&nbsp;<a href="https://sec.report/Document/0001193125-22-172205/">Form 8-K</a>&nbsp;with the U.S. Securities and Exchange Commission showing it received another subpoena.</p> <p><strong>What Happened: </strong>Digital World previously disclosed that it received a subpoena from the SEC seeking various documents and information regarding board communications and potential merger targets including&nbsp;<strong>Trump Media&nbsp;&amp; Technology Group </strong>(TMTG).</p> <p>On Monday, Digital World announced that it received ...</p><p><a href=https://www.benzinga.com/news/small-cap/22/06/27683866/donald-trump-linked-stock-digital-world-is-falling-today-heres-why alt=Donald Trump-Linked Stock Digital World Is Falling Today: Here&#039;s Why>Full story available on Benzinga.com</a></p> Donald Trump DWAC why it's moving Small Cap SEC Movers Trading Ideas DWAC Small Cap SEC Movers Trading Ideas Benzinga Mon, 13 Jun 2022 19:47:45 +0000 Adam Eckert 27683866 at https://www.benzinga.com Grayscale Says Spot Bitcoin ETF May Finally Get The Green Light, As SEC Approval Deadline Nears https://www.benzinga.com/markets/cryptocurrency/22/06/27656392/grayscale-announces-spot-bitcoin-etf-to-be-approved-soon-as-sec-deadline-for-approval-near <p>As part of the <a href="https://www.coindesk.com/policy/2022/06/10/grayscale-bitwise-confident-a-spot-bitcoin-etf-will-be-approved-soon/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">Coindesk Consensus 2022</a>, on June 10, Bitwise and Grayscale are hopeful that a spot <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&nbsp;ETF will soon be approved.</p> <p><strong>What Happened</strong>: Prior to this announcement, Grayscale and Bitwise have only&nbsp;had&nbsp;futures Bitcoin ETF applications approved. The approval of spot Bitcoin ETFs has been delayed, attributed to security concerns.</p> <p>Furthermore, the SEC&rsquo;s (U.S. Securities and Exchange Commission) approval deadline for the same is July 6th, 2022. The endeavor for spot ETFs is ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/06/27656392/grayscale-announces-spot-bitcoin-etf-to-be-approved-soon-as-sec-deadline-for-approval-near alt=Grayscale Says Spot Bitcoin ETF May Finally Get The Green Light, As SEC Approval Deadline Nears>Full story available on Benzinga.com</a></p> $BTC Bitcoin Cryptocurrency David LaValle Grayscale News Spot ETF SEC Markets $BTC News Cryptocurrency SEC Markets Benzinga Sat, 11 Jun 2022 22:22:07 +0000 Shiv Juneja 27656392 at https://www.benzinga.com Tesla Files Proxy Statement Confirming Shareholder Vote for 3-for-1 Stock Split On Aug. 4 https://www.benzinga.com/government/22/06/27658149/tesla-seeks-shareholder-approval-for-3-for-1-stock-split <p><strong>Tesla Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has finally confirmed after weeks of speculation that it has moved forward with plans for a stock split.</p> <p><strong>What Happened:</strong> Tesla just filed its annual <a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459022022992/tsla-pre14a_20220804.htm">proxy statement </a>with the SEC, revealing plans for a three-for-one stock split.</p> <p>The news hit <strong>Twitter Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) fast.</p> <blockquote class="twitter-tweet"><p>TESLA SEEKS SHAREHOLDER APPROVAL FOR 3-FOR-1 STOCK SPLIT <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a></p> <p>&mdash; FXHedge (@Fxhedgers) <a href="https://twitter.com/Fxhedgers/status/1535355703493136384?ref_src=twsrc%5Etfw">June 10, 2022</a></p></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>Tesla already ...</p><p><a href=https://www.benzinga.com/government/22/06/27658149/tesla-seeks-shareholder-approval-for-3-for-1-stock-split alt=Tesla Files Proxy Statement Confirming Shareholder Vote for 3-for-1 Stock Split On Aug. 4>Full story available on Benzinga.com</a></p> AMZN electric cars EVs Government News ORCL stockholders Tesla Stock Split TSLA TWTR Retail Sales Stock Split SEC AMZN US0231351067 ORCL US68389X1054 TSLA US88160R1014 TWTR US90184L1026 News Government Retail Sales Stock Split SEC Benzinga Fri, 10 Jun 2022 21:06:41 +0000 Benzinga Staff 27658149 at https://www.benzinga.com Inflation Fears Send Stocks Lower As Investors Brace For Fed Rate Hike Next Week https://www.benzinga.com/news/22/06/27653681/inflation-fears-send-stocks-lower-as-investors-brace-for-fed-rate-hike-next-week <p>The 2022 stock market weakness continued this week, with major indexes trading lower on another round of discouraging inflation data.</p> <p><strong>What Happened:&nbsp;</strong>On Friday morning, the <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) dropped 2.6% after the Labor Department reported the consumer price index rose 8.6% in May, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/06/27646536/stunningly-high-experts-react-to-8-6-cpi-inflation-highest-in-40-years">the highest U.S. inflation reading since 1981</a>. Economists were expecting just 8.3% CPI growth in May, and the surprise uptick undermined investor hopes that CPI inflation had peaked at 8.5% in March.</p> <p>On Wednesday, Securities and Exchange Commission Chairman <strong>Gary Gensler</strong> <a href="https://www.benzinga.com/government/22/06/27613963/sec-chair-gensler-proposes-open-and-transparent-auctions-as-alternative-to-controversial-payment-for">outlined some potential changes the SEC is considering</a> to help protect retail stock traders and ensure they get the best possible prices on their order execution. Gensler discussed proposals for &quot;open and transparent auctions&quot; to fill retail orders, a potential replacement for ...</p><p><a href=https://www.benzinga.com/news/22/06/27653681/inflation-fears-send-stocks-lower-as-investors-brace-for-fed-rate-hike-next-week alt=Inflation Fears Send Stocks Lower As Investors Brace For Fed Rate Hike Next Week>Full story available on Benzinga.com</a></p> $BTC ADBE CMC Cynthia Lummis FUTU Gary Gensler Kirsten Gillibrand KR News ORCL SPY TGT Econ #s SEC SPY US78462F1030 ADBE US00724F1012 ORCL US68389X1054 CMC US2017231034 KR US5010441013 TGT US87612E1064 FUTU $BTC News Econ #s SEC Benzinga Fri, 10 Jun 2022 19:35:46 +0000 Wayne Duggan 27653681 at https://www.benzinga.com SEC Launches Probe On Ericsson Over Its Iraq Connection https://www.benzinga.com/government/22/06/27631570/the-sec-launches-probe-on-ericsson-over-its-iraq-connection <ul> <li>The U.S. SEC intimated&nbsp;<strong>Ericsson</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/06/n27631179/update-on-ericsson-engagement-with-u-s-authorities" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">regarding its launch</a>&nbsp;of an investigation on the company concerning the matters described in the company&#39;s 2019 Iraq investigation report.</li> <li>Ericsson said it cooperated with the authorities ...</li></ul><p><a href=https://www.benzinga.com/government/22/06/27631570/the-sec-launches-probe-on-ericsson-over-its-iraq-connection alt=SEC Launches Probe On Ericsson Over Its Iraq Connection>Full story available on Benzinga.com</a></p> Briefs ERIC Government News Regulations Legal SEC Tech ERIC US2948216088 News Government Regulations Legal SEC Tech Benzinga Thu, 09 Jun 2022 18:15:17 +0000 Anusuya Lahiri 27631570 at https://www.benzinga.com Why Robinhood Markets Stock Is Falling Today https://www.benzinga.com/sec/22/06/27616836/why-robinhood-markets-stock-is-falling-today <p><strong>Robinhood Markets&nbsp;Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares are trading lower after U.S. Securities and Exchange Commission chair <strong>Gary Gensler</strong> outlined&nbsp;proposed changes that could impact brokerage businesses.</p> <p>Instead of continuing to allow&nbsp;payment for order flow, Gensler suggested an alternative involving &quot;open and transparent auctions,&quot; Wednesday at Piper Sandler&#39;s &quot;Global Exchange &amp; Brokerage&nbsp;Conference.&quot;</p> <p>&ldquo;I&rsquo;ve asked staff to make recommendations ...</p><p><a href=https://www.benzinga.com/sec/22/06/27616836/why-robinhood-markets-stock-is-falling-today alt=Why Robinhood Markets Stock Is Falling Today>Full story available on Benzinga.com</a></p> Gary Gensler HOOD why it's moving SEC Movers Trading Ideas HOOD SEC Movers Trading Ideas Benzinga Wed, 08 Jun 2022 19:57:29 +0000 Adam Eckert 27616836 at https://www.benzinga.com SEC Chair Gensler Says Crypto Exchanges 'Operating Outside Of The Law': What You Need To Know https://www.benzinga.com/markets/cryptocurrency/22/06/27615425/sec-chair-gensler-says-crypto-exchanges-operating-outside-of-the-law <p>Securities and Exchange Commission Chair <strong>Gary Gensler</strong> spoke at the Piper Sandler Global Exchange and Fintech Conference on Wednesday. One of the topics Gensler discussed in the Q&amp;A session was cryptocurrency regulation.</p> <p><strong>Crypto Regulation Bill:</strong> This week, Sens. <strong>Cynthia Lummis</strong> (R-Wyoming) and <strong>Kirsten Gillibrand</strong> (D-New York) unveiled new legislation that could potentially exempt cryptocurrencies from certain financial regulations, a bill draft that many crypto enthusiasts see as friendly to the industry.</p> <p>On Wednesday, Gensler said he hasn&#39;t read the bill at this point, but has worked closely with both senators in the past. Gensler said he would discuss any commentary he has regarding the proposals in the bill&nbsp;with Lummis and Gillibrand directly.</p> <p><em>Related Link: <a href="https://www.benzinga.com/government/22/06/27613963/sec-chair-gensler-proposes-open-and-transparent-auctions-as-alternative-to-controversial-payment-for">SEC Chair Gensler Proposes &#39;Open And Transparent Auctions&#39; As Alternative To Controversial Payment For Order Flow</a> </em></p> <p>&quot;This speculative asset class, one and a quarter trillion roughly dollars right now, does not have the investor protection that the public needs, and I ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/06/27615425/sec-chair-gensler-says-crypto-exchanges-operating-outside-of-the-law alt=SEC Chair Gensler Says Crypto Exchanges &#039;Operating Outside Of The Law&#039;: What You Need To Know>Full story available on Benzinga.com</a></p> $BTC COIN Cryptocurrency Gary Gensler Government News Regulations Events Top Stories SEC Markets COIN US21254S1078 $BTC News Government Cryptocurrency Regulations Events Top Stories SEC Markets Benzinga Wed, 08 Jun 2022 19:03:03 +0000 Wayne Duggan 27615425 at https://www.benzinga.com SEC Chair Gensler Proposes 'Open And Transparent Auctions' As Alternative To Controversial Payment For Order Flow https://www.benzinga.com/government/22/06/27613963/sec-chair-gensler-proposes-open-and-transparent-auctions-as-alternative-to-controversial-payment-for <p>Securities and Exchange Commission Chairman <strong>Gary Gensler</strong> has outlined some major changes to U.S. stock trading rules the SEC is considering to protect retail stock traders.</p> <p>These new rules could have significant impacts on the business models of popular online brokerages, including <strong>Robinhood Markets Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) and <strong>Charles Schwab Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>).</p> <p><strong>What Happened:</strong> At the Piper Sandler Global Exchange and Fintech Conference on Wednesday, Gensler described a new requirement for brokers to submit retail investor orders to a new auction process through which firms will bid against each other to fill them.</p> <p>&quot;The markets have become increasingly hidden from view,&quot; Gensler said.</p> <p>&ldquo;I&rsquo;ve asked staff to make recommendations for the commission&rsquo;s consideration around how to enhance order-by-order competition,&quot; Gensler said Wednesday. &quot;This may be through open and transparent auctions or other means.&rdquo;</p> <p><em>Related Link:&nbsp;<a href="https://www.benzinga.com/government/22/06/27592813/sec-chair-gensler-could-restrict-payment-for-order-flow-this-week-what-investors-need-to-know">SEC Chair Gensler Could Restrict Payment For Order Flow This Week: What Investors Need To Know</a></em></p> <p>Gensler ...</p><p><a href=https://www.benzinga.com/government/22/06/27613963/sec-chair-gensler-proposes-open-and-transparent-auctions-as-alternative-to-controversial-payment-for alt=SEC Chair Gensler Proposes &#039;Open And Transparent Auctions&#039; As Alternative To Controversial Payment For Order Flow>Full story available on Benzinga.com</a></p> AMC Gary Gensler GME Government HOOD News payment for order flow PFOF Regulations retail retail traders SCHW Events Top Stories SEC SCHW US8085131055 GME US36467W1099 AMC HOOD News Government Regulations Events Top Stories SEC Benzinga Wed, 08 Jun 2022 17:25:38 +0000 Wayne Duggan 27613963 at https://www.benzinga.com