SEC Commissioner: Time to Reassess BD Best Execution Obligations

September 25, 2019 by Jeff Berman

he Securities and Exchange Commission should reassess broker-dealers’ best execution obligations and the Order Protection Rule it created as part of the Regulation National Market System (NMS) rules created in 2005, according to SEC Commissioner Elad Roisman.

The SEC takes BDs’ obligation to obtain best execution for their clients and their orders “very seriously,” he said Thursday at the Securities Industry and Financial Markets Association Equity Market Structure Conference in New York, referring to those obligations as “one of the cornerstones of market integrity.”

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Originally Posted at ThinkAdvisor on September 20, 2019 by Jeff Berman.