The SEC Says Market Revamp Is a Win for Small Investors. BlackRock, T. Rowe Aren't so Sure.

Also, Chopra suggests new regulations to curtail banking risks (and growth); MFA says multi-strategy hedge funds could be hit hard by SEC's 'dealer rule'

The SEC’s market structure proposals are surely baffling to a lot of small investors. But while they may not understand – or even care – about reducing tick sizes or setting a new best execution requirement, SEC Chair Gary Gensler justifies much of the effort by arguing it will get retail traders a better deal. The changes, Gensler likes to say, will “d…