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Senators Urge SEC to Fix Unequal Access to Market Data

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The U.S. Securities and Exchange Commission must ensure its system for distributing companies’ financial information doesn’t give unfair advantages to private-feed subscribers, two lawmakers said in a letter today.

The SEC should explain what it’s doing in response to findings that customers paying for direct feeds sometimes saw market-moving disclosures 10 seconds before they were posted to the agency’s website, Senators Tim Johnson and Mike Crapo wrote in the letter to SEC Chairman Mary Jo White.