08 Apr Asset managers back U.S. plan to limit stock exchange rebates
NEW YORK, April 9 (Reuters) – Financial firms representing
more than $1 trillion in assets under management have endorsed a
U.S. regulator’s plan to test limiting the rebates and other
incentives that stock exchanges can pay to brokers, a practice
critics say creates conflicts of interest.
more than $1 trillion in assets under management have endorsed a
U.S. regulator’s plan to test limiting the rebates and other
incentives that stock exchanges can pay to brokers, a practice
critics say creates conflicts of interest.
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