DOJ Antitrust Unit Urges Caution In SEC Stock Market Revamp(1)

Top Justice antitrust officials are taking the unusual step of urging Wall Street’s top regulator to proceed with caution over a series of proposals to stock markets.

The US Securities and Exchange Commission in December revealed plans the most sweeping overhaul of Wall Street stock trading in more than a decade through a series of four proposals. Many industry players have called on the financial regulator to consider how the various proposals interrelate before moving forward, with some asking the SEC to introduce the rules slowly or not move forward…