Retail Bond Investors Fighting ‘Headwinds’: SEC’s Gallagher

Commissioner says agency should look at how small investors fare in corporate bond market.

The U.S. Securities and Exchange Commission should scrutinize corporate bond markets to determine if retail investors can find fair prices, said Commissioner Daniel Gallagher.

Gallagher, a Republican on the five-member commission that regulates securities trading, called for the agency to look at the imbalance of information available to retail investors and institutional traders in a speech yesterday at a financial-markets conference hosted by Georgetown University’s McDonough School of Business in Washington.

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