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New Battle Simmering for Trade-Fee Reduction: But Departure of STA President Throws Coalition Eff

Traders Magazine, November 1998

Jeffrey L. Winograd

The Security Traders Association is promising to resume its fight for a reduction in so-called Section 31 fees as soon as the new Congress convenes in January.

"The STA has laid the groundwork for fee reform, hopefully, by early next year," said outgoing STA President John Tognino, in a letter to STA members and leaders of the Section 31 Coalition. The coalition, led by the STA, represents 40 groups, including U.S. stock exchanges and trade organizations.

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