ADVERTISEMENT
An influential US Senator is worried about the stock market getting hacked
Mark Warner, an influential senator on the Committee on Banking, Housing and Urban Affairs, is worried about cybersecurity threats to the US securities market.
Sen. Mark Warner on Capitol Hill.
sits on the Committee on Banking, Housing and Urban Affairs, the Committee on Finance, and the Select Committee on Intelligence, on August 1 sent a letter
He urges the SEC to identify those in compliance with Reg SCI, and to require investment advisers and broker-dealers to consider compliance with Reg SCI when determining best execution, or where they send their trades.
It's not the first time Warner has fired off a letter to Clayton about equity market structure. On July 14, he called for the complete elimination of rebates in a letter to the newly confirmed chairman of the Securities and Exchange Commission.
ADVERTISEMENT
"These reforms would help to strengthen alignment - rather than conflicts - of interest between brokers and clients, increase price transparency, reduce fragmentation, strengthen stability, and bring US equity markets closers to the competition mandate required by Securities Acts Amendments of 1975," Warner wrote.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT