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Madoff: Profits Safe in Net Trade Rule: Nasdaq's New Backdoor Way of Reducing Section 31 Fees

Traders Magazine, October 2000

William Hoffman

Nasdaq's new riskless principal trade reporting requirement shouldn't hurt dealers' bottom lines, according to a Nasdaq trading chief who helped craft the rule.

It could bring some welcome relief, however, from Section 31 transaction fees, he added.

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