The SEC looks poised to issue new rulemaking in the next 12 months or so to address the gamification of trading, the long-delayed universal proxy initiative, and corporate insider trading plans. These new rules could have a massive impact on how online brokers interact with their customers, how contested director elections are conducted, and how insiders trade under Rule 10b5-1 corporate stock trading plans.
The SEC’s GameStop Report Hands the Ball to Gensler
In January, unprecedented, coordinated trading via online brokers by retail investors in so-called meme stocks like GameStop drove up the price of targeted shares by eye-popping amounts, ...