From Order to Execution: Ensuring Efficient and Transparent Equity Markets (EventID=119308)
House Financial Services: Financial Services Subcommittee · May 21, 2026
House Financial Services subcommittee hearing on modernizing Regulation NMS focused on whether to revise or rescind Rule 611 (the trade-through rule), with witnesses debating effects on retail investors, transparency, market fragmentation, access fees, the consolidated audit trail, and a proposed SEC "innovation exemption" for tokenized securities.
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