Bond Fight Pits Main Street Against Wall Street

📆 6/27/2019 3:30 PM
📰 WSJ

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What do Jane Street Capital, the United Church of Christ and San Bernadino County have in common? They are all fighting an SEC proposal they say will skew bond markets in favor of large Wall Street firms.

The battle pits those who depend on equal access to price information against big asset managers and Wall Street banks that have urged the SEC to delay reporting of the largest trades they make with each other.

Opponents of the...

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Well statiscally speaking there’s no chance in hell this administration will take any action here that doesn’t meet with the approval of financial industry giants so you might as well fill in the rest “and Main Street concerns were ignored” early and go grab breakfast

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