NYSE, Cboe, Nasdaq Move to Block SEC Transaction Fee Pilot Program

Pensions & Investments February 15, 2019 — Tyler Gellasch, Executive Director of the Healthy Markets Association,  responded to the three dominant stock exchanges’ suits against the SEC for the Transaction Fee Pilot by stating that “Having lots its battle with the SEC, NYSE is now appealing to the courts of public opinion and the federal judiciary”.  Mr. Gellasch further acknowledged that the lawsuits could significantly delay implementation or even lead to a revised rule if challenges to the SEC’s rule-making process succeed.  Mr. Gellasch said, “Even if NYSE were to win the case, its business model is coming under pressure from every angle. That’s not going to change.” (Full Story)

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