SEC Mulls Increased Regulation For Dark Pools

Law360, New York (October 28, 2009, 2:40 PM EDT) -- The U.S. Securities and Exchange Commission will continue to propose tightening regulation on dark pools, the agency told a U.S. Senate subcommittee Wednesday.

"Now is an appropriate time to take a broad look at the whole of U.S. equities market structure,” James Brigagliano, the SEC's co-acting director for the Division of Trading and Markets, said in a prepared statement for a hearing of the Senate subcommittee on Securities, Insurance and Investment.

The SEC may issue a concept release on dark pools, Brigagliano said — a regulatory...
To view the full article, register now.