The Securities and Exchanges Commission rejected the sale of the Chicago Stock Exchange to a group that includes Chinese investors, the Wall Street Journal reported late Thursday. In August, the SEC said it was reconsidering the sale after staff recommended the $20 million deal. Critics, both Democrats and Republicans, worried the deal could allow the Chinese owners to acquire secrets about U.S. trading strategies.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News