Gramm Move to Reduce Transaction Fees
Traders Magazine, March 2000
Proponents of Section 31 fee relief have had their hopes buoyed by the introduction of the Competitive Market Supervision Act by Senate Banking Committee Chairman Phil Gramm (R.-Texas).
"This is a real improvement," said Lee Korins, president of the Security Traders Association. "It's the first time in my memory that the SEC, in the person of [chairman] Arthur Levitt, has come out in favor of one of the approaches."
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.