Department of Labour has proposed reforms to options and broker charges
Two of the largest US trade bodies and a
commissioner from the main US securities regulator have added
to the growing pressure on the US government to water-down
controversial rules that critics say will hurt the US options
market and force brokers to change how they charge their
The Options Clearing Corporation (OCC),
which represents the largest US options markets, and the
Securities Industry and Financial Markets Association (Sifma),
which lobbies for US banks and brokers, have sent letters to
the US Department of Labour in the past week.
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