Democrat to Gensler: Tread Carefully With Overhaul of Trading Rules

Also, Chamber and banking groups sue CFPB; MFA announces new board members

A House Financial Services Democrat is warning SEC Chair Gary Gensler to proceed cautiously with his market structure revamp, noting that some of the broad policy changes he’s floated could particularly harm the younger and more diverse group of retail investors that has flooded into stock trading over the past few years.

“I am concerned that some of the…