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January 30, 2019  

Political Divide Portends Impasse on Rule-Making

Source Code — CongressOne of the few issues on which both Republican and Democratic lawmakers seem to agree is restricting the power of regulators to request an investment manager’s “source code” — the algorithms that drive quantitative strategies.Last year, the House voted 271-145 to pass the Protection of Source Code Act, with 43 Democrats joining 228 Republicans. Sen. David Perdue (R-Ga.) introduced a Senate...

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