Baker explores ways to modify Reg NMS; Legislative change is unlikely, but a delay would be welcome, industry experts say.(News)(Richard Baker)(Regulation National Market System)

From: Pensions & Investments | Date: July 11, 2005| Author: Crawford, Gregory | Copyright information

Byline: Gregory Crawford

WASHINGTON - Rep. Richard Baker, R-La., chairman of the House subcommittee that oversees U.S. capital markets, is investigating how he might change the recently passed SEC regulation governing how stocks are traded - but industry experts doubt such a major rule will be repealed by Congress.

How to modify Reg NMS, which SEC commissioners passed in a divisive 3-2 vote last April, "is something he's got his staff looking into diligently,...

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