Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

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June 30, 2003

Stiffer Big Board Fines

By Gregory Bresiger

Big Board rules violators will be more than just nicked under a proposed new fine schedule recently submitted to the Securities and Exchange Commission. Fines for minor violations would increase by 100 percent to 150 percent under the proposal by the New York Stock Exchange. First-time fines would typically increase from $500 to $1000 or from $1,000 to $2,500. Big Board officials say the fines, which were put together after consultation with several NYSE commitees, are needed because the current fines aren't enough of a deterrent. However, some small firms say the new fines would be excessive and unfair.