(Crain’s) — A federal budget proposal to repeal a longstanding tax break for professional traders would boost costs for investors and hurt financial markets, Chicago Board Options Exchange Chairman William Brodsky and his counterparts at all six rival U.S. options exchanges told a key lawmaker in a letter.Market makers stand ready to buy when investors want to sell and to sell when investors want to buy, providing liquidity in tens of thousands of options contracts.
Posts Tagged ‘Pension Fund Managers’
CBOE, peers decry tax change
June 5th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Capital Gains Tax, Capital Gains Tax Rate, Cboe, Chairman Charles, Charles Rangel, Chicago Board Options, Chicago Board Options Exchange, Federal Budget Proposal, Income Tax Rate, Individual Investors, Options Contracts, Options Exchanges, Options Markets, Paper Profits, Pension Fund Managers, Personal Income Tax, Personal Income Tax Rate, Professional Traders, Stock Positions, Tax Scheme 
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