Tabb wants more disclosure of payment for flow but feels a ban is going too far
Larry Tabb, chief of research firm Tabb Group, has taken the
unusual step of wading in to the row over payment for order
flow by arguing a US Senator’s bid to ban the
practice would be a "serious mistake".
In a letter to Senator Carl Levin, who leads the
Senate’s Permanent Subcommittee on Investigations,
Tabb said: "I would pause between requiring more transparency
and the attempt to ban the practice. No matter how bad payment
for order flow sounds, payment for order flow is a legitimate
practice governed by the SEC."
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