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NYSE and Nasdaq take it on the chin in Washington

SEC’s move to block fee increases is latest setback in exchanges’ growing list of disputes with regulators

The country’s biggest stock exchanges are on a losing streak in Washington.

The Securities and Exchange Commission’s decision this week to block the exchanges from raising fees on some data products is the latest example. The three main exchange operators also are fighting to kill off a two-year SEC initiative to test lower trading fees. Separately, the SEC has rebuffed their requests to delay and pare back a surveillance database that exchanges are nearly a year late in delivering.

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