U.S. SEC commissioner backs direct listings to rein in Wall Street fees

WASHINGTON (Reuters) - U.S. Securities and Exchange Commissioner Rob Jackson told Reuters on Tuesday that he supports so-called direct listings as a way to help bring down the excessive fees companies pay to Wall Street banks in order to go public.His comments come as staff at the SEC, the top U.S. securities regulator, weigh a proposal by the New York Stock Exchange for a rule change that would allow more companies to go public without using banks to underwrite the transaction.Jackson, a..