The Securities and Exchange Commission (SEC) is investigating several alternative trading systems. It is looking for the “right balance between a principled regulatory approach and an aggressive and comprehensive enforcement effort,” Daniel Hawke, chief of the SEC’s market abuse unit, stated. The SEC will be focused on regulating “dark pools,” private exchanges or forums not accessible by the investing public and known for their complete lack of transparency. SEC chief Mary Jo White has said the agency will update its rules for dark pools in order to come down hard on illegal trading.
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