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In comments with ominous implications for the SEC's proposal to reform the nation's stock markets, a key lawmaker condemned a critical component of its plan as "the worst public policy I have seen proposed for the markets during my entire tenure in Congress." Rep. Richard Baker, R-La., chairman of the House Subcommittee on Capital Markets, lashed out against a component of the plan that would extend the so-called trade-through rule to all U.S. equity markets.
March 17, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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