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Bleak Capitol Hill Outlook on 31(a) Fees

Traders Magazine, May 1998

Jeffrey L. Winograd

Lobbyists for U.S. exchanges are still pounding the pavement in the Senate, fighting for a reduction in Section 31(a) fees on Nasdaq transactions that could save dealers up to $20 million annually.

But prospects for a cut look bleak in the House, according to several sources who spoke to Traders Magazine. "Nothing is new here," said a Republican source who has closely followed the issue.

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