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- H.R.4619
H.R.4619: To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.
About This Bill
- Introduced July 22, 2021
- Latest Major Action July 29, 2021
Bill Sponsor
Bill Version
- Introduced in House - July 22, 2021
Bill Summary
This bill creates specified duties for market makers—individuals and firms that buy and sell securities, such as brokerage houses—and sets forth penalties for violations of those duties. Specifically, the bill establishes for market makers a duty of trust and loyalty to the customer upon receipt of an order and deems the information in the order as material, non-public information. Furthermore, the Chief Executive Officer of a market maker...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 29, 2021 |
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
|
| July 29, 2021 |
Committee Consideration and Mark-up Session Held.
|
| July 28, 2021 |
Committee Consideration and Mark-up Session Held.
|
| July 22, 2021 |
Referred to the House Committee on Financial Services.
|
| July 22, 2021 |
Introduced in the House by Al Green (D-Texas) |