Stock market

U.S. SEC chief says new rules needed as tech drives trading: CNBC

Stock Markets4 minutes ago (May 07, 2021 08:35AM ET)U.S. SEC chief says new rules needed as tech drives trading: CNBC© Reuters. FILE PHOTO: Commodity Futures Trading Commission Chairman Gary Gensler testifies at a U.S. Senate Banking Committee hearing on systemic risk and market oversight on Capitol Hill in Washington May 22, 2012. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – New investment rules are needed to help protect investors as social media, apps and other technology impact trading and financial markets, the head of the U.S. Securities and Exchange Commission (SEC) said on Friday.

Gary Gensler, who took over as the regulator’s chairman last month, said that while investors can take risks more protections are needed amid the rise in crypto tokens and fierce stock rallies driven by online posts.U.S. SEC chief says new rules needed as tech drives trading: CNBCAdd a Comment

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