Fight Over Broker Research Payments Sets Off Lobbying Frenzy Ahead of Financial Services Markup

Also, hedge funds sharpen arguments against SEC's swaps reporting rule

It’s something that few would choose to talk about, let alone fight over. But compliance with MiFID II has provoked a bit of backroom drama at the House Financial Services Committee. The issue is coming to the fore in a bill introduced by Rep. Pete Sessions that exempts banks and securities firms from a requirement in the EU law that would make them hou…