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Clearpool Weighs In on NYSE Access Fees

Say it ain’t so, New York Stock Exchange. Joe Wald, chief executive officer at agency broker Clearpool, is saying no to proposed changes in access and connectivity fees that the NYSE Group family of exchanges is looking to charge. These fees, he argues in a comment letter to the U.S. Securities and Exchange Commission, are already costly and allowing for higher charges can only hurt brokers, and ultimately, investors.

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