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"Adam Smith, the SEC, Data, and the Public Good" Prepared Remarks Before the 11th Annual Conference on Financial Market Regulation

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki"Adam Smith, the SEC, Data, and the Public Good" Prepared Remarks Before the 11th Annual Conference on Financial Market Regulation

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler presents machine-readable disclosure and tick-size reform as data-driven rulemaking.

Problems raised
  1. Disclosures are costly to process.
  2. Market rules on tick sizes are outdated.
  3. The round lot definition is over a century old.
Solutions proposed
  1. Require machine-readable disclosures.
  2. Narrow the minimum tick size.
  3. Set round lot sizes based on share price.
Read full speech on sec.gov ↗

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