SEC’s Gensler Still Sees Regulatory Gap in Exchange Registration

The US Securities and Exchange Commission isn’t giving up on a proposal to force alternative trading systems to register as brokers with the agency.

“This update would close a regulatory gap among platforms,” SEC Chair Gary Gensler said Thursday in prepared remarks for the annual US Treasury Market Conference at the Federal Reserve Bank of New York.

The agency unveiled the measure more than two years ago and then reproposed it in April 2023. If finalized, it would bring trading platforms with large volumes in US Treasuries and some other securities into compliance with rules meant to prohibit trading ...