Trading applications in the sights of the future boss of the American market policeman

The American authorities could soon whistle the end of recess. Likely future Securities and Exchange Commission (SEC) chairman Gary Gensler said in a Senate hearing this week that trading applications would be in the sights of the markets policeman, if confirmed. to this post by Congress.

Apps, such as Robinhood, have made it easier and easier for individuals to access the Stock Exchange. Without naming names, Gary Gensler expressed his fears about the consequences of this phenomenon. He wants to protect all new individual investors, who have little knowledge of how markets work and may find themselves more exposed to risks they do not understand. “The technology has allowed better market access, but it raises interesting questions,” he told lawmakers. What does it mean, for example, when the party is over and certain behaviors cause investors to trade more? “

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