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SEC Requires Traders to Maximize Transaction Prices

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SEC Requires Traders to Maximize Transaction Prices

Business

SEC Requires Traders to Maximize Transaction Prices

SEC Requires Traders to Maximize Transaction Prices

  • Download
  • <iframe src="https://www.npr.org/player/embed/4580357/4580358" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Securities and Exchange Commission extends a controversial rule that requires stock traders to get the best possible price for every transaction. In the past, that sometimes didn't happen because brokers lacked time or because they wanted to steer their business to certain firms — costing investors hundreds of millions of dollars a year.