Brokerages, Exchanges Prepare for Battle Over SEC's Latest Market Structure Rule

Also, Senate takes a shot at CFPB's small business lending data regulation; inspector general report reveals ways FDIC has put the breaks on crypto

The SEC is wading into yet another market structure fight.

Its latest rule proposal, approved today over the objections of the two Republican commissioners, is much more limited than last year’s massive overhaul of stock trading oversight. But the new plan also seeks to tackle, as Commissioner Jaime Lizarraga put it, a “complex and opaque” area where the…