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Trade Groups Oil Section 31 Political Machines:The Big Question: Will the SIA Take a More Active

Traders Magazine, January 1999

Jeffrey L. Winograd

The Securities Industries Association is likely to take a more active part later this year, on the side of Nasdaq market makers and exchange specialists, in the drawn-out battle for cuts in Section 31 equity-transaction fees, according to an industry source.

While traders are disappointed with the last Congress for not introducing fee-reduction legislation despite massive lobbying by the Security Traders Association and a coalition of other groups a renewed effort with the SIA is expected to pull out the stops.

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