NYSE, Nasdaq believe SEC official had an ethical conflict when working on market-data fees0.01

The New York Stock Exchange and Nasdaq have accused a U.S. Securities and Exchange Commission official of having an ethical conflict, WSJ writes.

In 2018, the SEC introduced regulations that blocked exchanges from raising data fees to increase profits. The exchanges have appealed to the U.S. Court of Appeals for the District of Columbia Circuit. Now, they’ve brought attention to an SEC official connected to the debate—Brett Redfearn.

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