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US SEC chair remarks on competition among financial intermediaries

( October 25, 2022, 17:40 GMT | Official Statement) -- MLex Summary: US Securities and Exchange Commission Chair Gary Gensler spoke before the Securities Industry and Financial Markets Association on the need to promote competition among financial intermediaries and the agency’s efforts to do so. Gensler highlighted the importance of transparency to address information asymmetries, expanding access to market participants and the promotion of fair dealing, and how the agency has applied those tools to the fixed income, equity, and private markets. In particular, Gensler called out recent centralization in the crypto market among intermediaries in the middle market and said vigilance is required.See document below. ...

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