GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) traders at the epicenter of the meme stock trading frenzy in 2021 could get a big update this week on the way brokers like Robinhood Markets Inc (NASDAQ: HOOD) are allowed to run their businesses.
On Wednesday, U.S. Securities and Exchange Commission Chair Gary Gensler is speaking at the Piper Sandler Global Exchange and Fintech Conference at 12 p.m. ET. Gensler is expected to detail plans to overhaul the way retail investors’ orders are routed, according to the Wall Street Journal.
Related Link: After Huge Sell-Offs, Have Robinhood And Peloton Become Buyout Targets?
What Is Payment For Order Flow? Under the current market rules, brokers like Robinhood and Charles Schwab Corporation (NYSE: SCHW) are required to perform …
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