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Investors criticize SEC plan to remove the best-price rule

The proposal would eliminate decades-old price protection for orders, drawing pushback from Wall Street and retail investors, according to the WSJ Markets.

Reported · Written up by our desk · Equities

A proposed SEC change would remove the decades-old best-price rule, which currently protects customers by helping ensure they get the best available price when their orders are executed.

WSJ Markets reports that the plan has drawn criticism from both Wall Street participants and individual investors.

Critics argue the change could weaken existing safeguards tied to how orders are handled and where they receive price protection, the outlet said.

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