You may not be pleased to know that it is over two and a half years since the SEC issued proposals to “shed greater light on dark pools,” without action. SEC Chairman Schapiro introduced the intention to focus on dark pools in late October 2009 as follows:
”We should never underestimate or take for granted the wide spectrum of benefits that come from transparency, which plays a vital role in promoting public confidence in the honesty and integrity of financial markets. Today’s focus on dark pools is just one part of
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