Wall Street Braces for Fresh Fight Over MiFID II Rules

The video discusses the expiration of Europe's Method 2 rules, which require brokers to charge separately for trading and research. The SEC has previously shielded US brokers from these rules, but this reprieve is set to expire next month. The video explores the background of US and Europe disagreements on this issue, the specific requirements of Method 2, and the potential impact on the industry. With the expiration approaching, there is pushback from the industry, and it remains to be seen how this will unfold, especially as no further extensions are expected.

What is the main issue discussed in the introduction regarding Europe's Method 2 rules?

• The expiration of a reprieve from the rules

• The enforcement of stricter penalties

• The introduction of new rules

• The complete removal of the rules

What do Method 2 rules require brokers to do?

• Increase trading fees

• Offer free research services

• Combine trading and research fees

• Charge separately for trading and research

How has the SEC previously handled the Method 2 rules for US brokers?

• By enforcing them strictly

• By shielding US brokers from them

• By modifying them

• By ignoring them

What is the industry's reaction to the expiration of the reprieve?

• Indifference

• Some pushback

• Strong support

• Complete acceptance

What did Gary Gensler indicate about the possibility of further extensions?

• He was undecided

• He suggested a delay

• He ruled out further extensions

• He promised an extension