FTT Study

Financial Transaction Tax (FTT) Study

Senator Bernie Sanders has proposed what is known as a Financial Transaction Tax (FTT) on every share of stock traded. This tax would result in a massive new fee for pension funds – amounting to billions of dollars each year in extra costs. Modern Markets Initiative strongly opposes this proposed FTT. Read more in this op-ed from CEO Kirsten Wegner. The following report on the FTT provides an in-depth, extended look into what this tax really means for pension funds and all investors.

“Due to the rise of high-frequency trading, investors both large and small enjoy a deeper pool of potential buyers and sellers, and a wider variety of ways to execute trades…investors now enjoy faster, more reliable execution technology and lower execution fees than ever before."

Arthur Levitt, former SEC Chairman

The Wall Street Journal, August 17, 2009

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