Wall Street Braces for MiFID-Style Rules Descending on the U.S.

Tyler Gellasch, who runs a trade group whose members include the California Public Employees’ Retirement System, predicts it’s only a matter of time that the U.S. goes the way of Europe because that’s what pension funds want. “The cat is out of the bag,” said Gellasch, the executive director of the Healthy Markets Association. (Full Story)

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