Kevin Edgar Submits Written Testimony about Proposed Federal Legislation that Amounts to "Direct Assaults on U.S. Exchanges"

News / March 31, 2022

On March 30, 2022, Counsel Kevin Edgar submitted written testimony for the record on behalf of client the Equity Markets Association (EMA) at a hearing of the U.S. House of Representatives’ Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. The hearing was titled, “Oversight of America’s Stock Exchanges: Examining Their Role in Our Economy.”

Edgar’s testimony noted that U.S. exchanges have performed well throughout the pandemic. More recently, in connection with market volatility in January 2021 from the GameStop ‘meme’ stock events, and in reaction to the current events in Ukraine and Eastern Europe, U.S. exchanges have served as a strength to our capital markets. He was critical of the day’s hearing based on legislative discussion drafts being put forward that “are direct assaults on U.S. exchanges.”

Read the testimony.

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