SEC Sets Sights on Technologies That Encourage Excessive Trading

Public comment sought on new plan aimed at protecting customers from conflicts of interest.

Someone using a trading app on their phone
(Image credit: Getty Images)

The Securities and Exchange Commission (SEC) is seeking public comment on newly proposed rules that require trading platforms, such as Robinhood, to take steps to address conflicts of interest associated with their use of predictive data analytics and other technologies that may influence excessive trading.

The deadline for submitting comments is 60 days after the agency publishes the proposal in the Federal Register.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.