U.S. Shields Wall Street From MiFID Threat to Research Model

The SEC “went out of its way to make things worse for U.S. retirees and education savers, in an effort to help a few Wall Street banks,” said Tyler Gellasch, who runs the Healthy Markets Association, whose members include the California Public Employees’ Retirement System and Janus Henderson Group Plc. The reprieve “has empowered some banks to force bundling of commissions -- even though that means higher costs and less transparency for investors.”

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