'A Grave Misstep': SEC Moves to Rescind Trade-Through Rule

Also, mutual funds get big win at high court; controversial data standard rule punted; job cuts loom at OCC

Sponsored by MFA, the trade association for the global alternative asset management industry.

“This is a long time coming,” Paul Atkins observed contentedly, moments after he and his fellow Republican commissioners approved a proposal that would scrap the SEC’s trade-through rule. The occasion even merited the agency’s first open meeting of the year, giv…