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Top Sen. Scorns Exchange's 31(a)-Fee Fight: Will the Individual Investor Really Benefit With Redu

Traders Magazine, April 1998

Jeffrey L Winograd

Sen. Judd Gregg (R-N.H.), chairman of the Senate Appropriations Commerce, Justice, State and Judiciary Subcommittee, has scorned the battle to gain relief from 31(a) transaction fees.

Dismissing the fight as a "rhubarb," Gregg may now have turned his back on the appeals of the 39-member ad hoc 31(a) coalition, representing Nasdaq and other exchanges.

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