SIFMA and the SEC have of late been contending mightily over a fairly narrow set of issues that concern fees charged by exchanges to exchange participants for "non-core" market data.
Here is a link to what I have had to say about this subject: WhatWouldSouthey say?
Relatedly, my comment on this to my twitter followers was, "The cartelization of securities industry and oversight of cartel by various Nat'l authorities remains firm."
The above illustration is what you get when you enter the word "cartel" into www.images.google.com
Nuff said.
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