In a direct challenge to recent regulatory shifts, Congressman Byron Donalds (R-FL) has introduced a new bill aimed at stripping the federal government of its ability to reclassify private investors as professional dealers. The “Defining Dealer Act” seeks to amend the Securities Exchange Act of 1934, creating a hard line between firms that manage money […] SEC Power Grab Block? Florida Rep. Byron Donalds Moves To Shield Traders From Fed Overreach ...read more read less