Securities and Exchange Commission (SEC) has initiated an
industry-wide investigation into payment for order flow methods
used by options brokers, FO Week has learned.
An SEC letter sent out to all US options brokers on 5 July
and obtained last week by FO Week, requested that
firms provide SEC with a up-to-date information about order
routing and execution practices in options running from 1
January 2003 to the present. All documentation is due by 19
July. A call to SEC had not been returned by press time.
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