BofA’s Huge Fine Renews Push for More Info on Where Orders Go

The infractions point back to a question that can addle investors: Do they really know what their brokers are doing? This settlement is glaring proof that the Securities and Exchange Commission needs to advance its nearly two-year-old proposal to tighten disclosures on broker order routing, said Tyler Gellasch, executive director of Healthy Markets Association, an investor advocacy group.

“When you’re not able to verify, unfortunately your trust can be abused,” Gellasch said.

Read more in Bloomberg.

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