Financial Firms Double Lobbying Efforts Against Proposals To Curb Risky Trading

Financial Firms Double Lobbying Efforts Against Proposals To Curb Risky Trading: Financial firms that specialize in risky high-speed trading are boosting their lobbying efforts against proposals to rein in the practice, a Wall Street Journal analysis of lobbying records found. Three Democratic lawmakers introduced legislation that would institute a small tax, known as a financial transactions tax, on high-frequency trades, which reap major profits for firms [...]/p