SEC obstructs a valuable profit stream for NYSE, Nasdaq — and it may not be through

By Joe Williams

Published October 23, 2018 4:00am ET

Add Washington Examiner on Google

SEC obstructs a valuable profit stream for NYSE, Nasdaq — and it may not be through — Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange on Wednesday. Stocks are extending their slump on Wall Street, led by drops in big technology companies, as rising bond yields draw investors out of stocks. | (AP Photo/Richard Drew)

Lucrative fees for detailed stock-price information, a profit driver for companies including the owner of the New York Stock Exchange, are under growing scrutiny after a federal regulator’s decision to block recent increases to hundreds of them.

The action by the Securities and Exchange Commission is one of its most significant steps in years toward reforming equity markets, and it may be the start of a broader push to buoy investor protections.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Financial Markets Regulations SEC