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The Golden Dems Target Old Reg

Traders Magazine, October 2004

Editorial Staff

The trade-through rule, which was designed to find the best price on stocks in the listed markets, is "obsolete" and should be abolished. That's what a dozen members of the U.S. House of Representatives from California recently wrote in a letter to the Securities and Exchange Commission. "The trade through rule as it stands today is obsolete. Individuals and institutions will benefit from greater control over their own trades," the lawmakers, all Democrats, wrote in a letter to SEC Chairman William Donaldson.

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