Lawmakers say ‘halt’ to sale of Chicago Stock Exchange to China

Of course this is done over the holidays with an abbreviated comment period. We gave Russia our Uranium why not give China access to manipulating our financial markets. The unthinkable is thinkable these days. The Obama regime remains without comment. Here tis:

Lawmakers are demanding a longer review of a Chinese firm’s deal to purchase the Chicago Stock Exchange, voicing concerns over the sale’s impact on U.S. national security and the financial security of the American marketplace.

“As the Securities and Exchange Commission (SEC) conducts its process to review this transaction, we similarly urge you to consider the negative impacts Chinese state-affiliated ownership of the Chicago Exchange will have on national security and the financial security of the American marketplace,” the lawmakers wrote.

Earlier this month, the Chicago Stock Exchange announced that CFIUS found “no unresolved national security concerns” regarding the deal. The sale now only faces approval by the SEC. The Treasury Department has declined to comment on the development.

The lawmakers argued Thursday that the deal would offer the firm the ability to “manipulate” the $22 trillion U.S. equity marketplace.

“The integrity of, and confidence in America’s financial markets is a bedrock component of our nation’s security,” they wrote. “This transaction raises serious questions that go well beyond the limited scope of review that has already taken place. Allowing an entity such as CCEG to acquire one of our nation’s exchanges—with the access, information, and opportunities that exist to undermine U.S. interests—is a very serious matter.”

“Given these concerns, we urge you to consider rejecting this transaction,” the lawmakers wrote.

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