SEC Blocks Chicago Stock Exchange Sale - FbiCables Network | The News that Shapes World Opinion

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Saturday, February 17, 2018

SEC Blocks Chicago Stock Exchange Sale

Federal regulators move to block the proposed purchase of the Chicago Stock Exchange by a shadowy Chinese investor.
The Securities and Exchange Commission said a lack of information on the potential foreign buyers would cripple the agency’s ability to monitor the exchange.
A sign for the Securities and Exchange Commission (SEC) is pictured in the foyer of the Fort Worth Regional Office in Fort Worth, Texas June 28, 2012. REUTERS/Mike Stone
The Chinese investors at the heart of the deal have been trying to get the sale approved for the past two years.
President Trump harshly criticized the proposed deal during his campaign, calling it an example of wealth leaving the United States.
The Chicago Stock Exchange handles about half-a-percent of all U.S. equity trades

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