Fractional Shares, Fixed-Income Pricing to Get Watchdog Scrutiny
January 18, 2023 by Lydia Beyoud
Brokers that offer traders the chance to buy less than a full share of a stock are set to face more scrutiny from a key industry watchdog.
The Financial Industry Regulatory Authority said how fractional-share trades are reported will be a focus of its examinations in 2023. The industry-backed regulator said supervisors will also look at compliance with fair-pricing rules for fixed-income trades, according to a report released on Tuesday.
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Originally Posted at Bloomberg on January 10, 2023 by Lydia Beyoud.
Categories: Industry Articles