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Baker: Let's Goose the Regulators

Traders Magazine, May 2003

Gregory Bresiger

The long delayed Nasdaq exchange application will probably be delayed some more. Maybe another six months. Maybe another year. Maybe longer. That was the impression of most trading industry participants after speaking to a number of lawmakers and regulators at last month's STA Washington conference. SEC Commissioner Roel Campos, at a public session, said he wants the application to move faster, but conceded there is no timetable for the application. But the controversial debate over Nasdaq as a for-profit exchange [see special feature], has gone on too long for one lawmaker who said he was going to push the regulators to speed up things.

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