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Task Force Head Favors Transaction-Fee Cap

Traders Magazine, August 1999

William Hoffman

Capping so-called Section 31 transaction fees that traders pay to fund the services of the Securities and Exchange Commission is among the top priorities of Rep. Vito J. Fossella (R-N.Y.) this fall.

"We have the most sophisticated marketplaces in the world. We need to do whatever we can to maintain that." Fossella told Traders Magazine just hours before his formal appointment as head of a congressional task force to improve operations and accessibility at the nation's stock exchanges.

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