SEC shows its hand on dark pool regulation

"We should never underestimate or take for granted the wide spectrum of benefits that come from transparency, which plays a vital role in promoting public confidence in the honesty and integrity of financial markets," stated SEC chairwoman Mary Schapiro upon issuing the proposals, approved unanimously by the Commission's leaders. The move appears part of the regulator's broader effort to reassert more control over Wall Street's shadier impulses.

With transparency proving the key driver behind the

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