CSA Announces New Learning and Development Director

The Securities and Exchange Commission (SEC) has announced that it will be implementing a new rule aimed at increasing transparency in the securities market. The new rule, called Rule 606(b)(3), will require broker-dealers to disclose more information about the way they handle customer orders.

Under the new rule, broker-dealers will be required to provide customers with detailed reports on where their orders are being routed and executed. This information will include the identity of the venues where the orders are executed, as well as any rebates or discounts that the broker-dealer receives for routing orders to particular venues.

The goal of the new rule is to give investors more insight into how their orders are being handled and executed. By providing this information, the SEC hopes to increase transparency in the market and allow investors to make more informed decisions about where to place their orders.

In addition to requiring broker-dealers to disclose information about order routing, the new rule will also require them to provide customers with information about the quality of trade executions. This information will include data on execution speeds, price improvements, and the likelihood of execution.

Overall, the implementation of Rule 606(b)(3) is a positive step towards increasing transparency in the securities market. By providing investors with more information about how their orders are handled and executed, the SEC is working to create a more level playing field for all market participants.