The US Securities Markets Coalition is set to speak at the hearings on Thursday
The top US options exchanges are set on
Thursday to appeal to the US Department of Labour to water-down
planned rules that they argue could significantly impact the US
The US Securities Markets Coalition,
representing the largest US options markets and the main US
options clearing house, will testify at the Department of
Labour’s open hearings on proposed plans to
redefine the types of assets against which brokers are allowed
to charge individuals holding retirement accounts when giving
that person advice.
The DoL is proposing to exclude an equity
security that is an option to buy or sell a stock without an
obligation to do so, a move that could force firms to change
how they charge clients for their options trading.
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