SEC seeks comment on conflicts of interest between exchanges and affiliated brokers
- —SEC requested comments under File No. 4-936 on exchange-affiliated broker conflicts
- —It is weighing whether an introducing broker routing client orders should count as an exchange 'facility'
- —Coinbase Derivatives filed Form 1-N on Sept. 1; SEC acknowledged it on Sept. 8
- —Comments on Coinbase's customer margin rule change are due Oct. 15
Why it matters: The review shapes how crypto exchanges entering securities and futures markets must structure affiliates, with direct implications for Coinbase and peers.
Source: TokenPost