SEC takes more time to mull Chicago Stock Exchange’s China deal

June 7, 2017 NEW YORK (Reuters) – The U.S. Securities and Exchange Commission will take up to another 60 days to decide whether to allow the sale of the Chicago Stock Exchange to a group of investors led by China-based Chongqing Casin Enterprise Group. The SEC, which reviews proposed mergers involving exchanges to ensure they comply with federal regulations and appropriately self-police their brokerage members, said it needed more time to make the decision in a regulatory filing dated June 6. CHX is a niche player in the U.S. equities…

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