TRACE Fee Disappoints BMA


The Bond Market Association (BMA) is disappointed with the Securities and Exchange Commission’s (SEC) approval of NASD’s proposed permanent fee structure for TRACE.

"The SEC’s decision to approve the permanent TRACE fee structure without requiring NASD to provide the industry with meaningful financial disclosure on the costs and revenues of TRACE was disappointing to us," says Michele David, vice-president and assistant general counsel at the BMA. "Without this information, it is impossible t

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