Regulation
SEC Proposal to Ban Volume Discounts for Exchange Orders Receives Mixed Feedback
Larger exchanges came out in opposition, while smaller exchanges and consumer advocates supported the change.
Beijing’s hard-line policies and investing hurdles complicate the decision.
The blank check outfits sure are popular. But issuers have the upper hand over investors, performance is a mixed bag, and they face possible tough competition.
Direct listing would allow companies to sell shares in opening auction on first day on exchange.