SEC Gets Backing In Exchange Fee Spat At DC Circ.

Law360 (August 2, 2019, 3:58 PM EDT) -- The U.S. Securities and Exchange Commission has received backing from five different entities in its bid to fight off a challenge before the D.C. Circuit to its two-year pilot program that could cap the fees major exchanges receive.

The investment bank RBC Capital Markets LLC, securities exchange Investors Exchange LLC and investor groups Better Markets Inc., Investment Company Institute and Council of Institutional Investors said Thursday the New York Stock Exchange LLC, Nasdaq Stock Market LLC and CBOE shouldn't be able to block the pilot program.

"The transaction fee pilot is a constructive and long overdue first step toward fixing an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS