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SEC Chairman William Donaldson told lawmakers that the agency's new market rules will encourage competition among large and small stock exchanges, despite concerns that an impending exchange consolidation could hurt or deter new entrants. Donaldson made the remarks to the Senate Banking Committee at a hearing on proposed mergers of the nation's two biggest stock markets with smaller, electronic exchanges.
May 23, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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