By Berks County News |
Dec 21, 2023
A coalition of Republican members of the Financial Services Committee Capital Markets Subcommittee has expressed significant opposition to the Securities and Exchange Commission's (SEC) recent proposal to prohibit volume-based exchange transaction pricing. Led by Congressman Dan Meuser and Subcommittee Chairman Ann Wagner, they argue that the proposal is misguided and lacking in empirical foundation.In a letter addressed to SEC Chair Gary Gensler, the coalition argues that volume-based discounts are integral to various sectors of the economy, promoting competition and...