News | 09.04.19
Stock Market Wars in U.S. Pit Everyone Against Everyone Else
The dispute of exchange rebates pits the top exchange operators in the United States against the SEC, asset managers, and pension funds. Money managers say rebates can create conflicts of interest. The regulator wants to determine whether this is true, but exchanges say the study would needlessly disrupt markets. Along the way, personal attacks have been lobbed, industry panels have devolved into mudslinging, and lawyers have been unleashed.
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