US SEC set to propose limits on brokerage trading rebates

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SaltWire's Atlantic regional weather forecast for October 18, 2023 | SaltWire - Wall Street's top regulator on Wednesday is set to propose new regulations officials say should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pricing schemes that tend to favor bigger players.

The number and complexity of pricing tiers that can exist among exchanges, and which leave different brokerages facing sizeable differences in cost, can make price schemes complex and difficult to understand, officials said in advance of the meeting.

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