12/8/2009 – Stephen Ehrlich, CEO Lightspeed Financial, Inc., discusses the proposed trader tax with Gregg Greenberg of The Real Story on 12/7/2009. The proposal calls for a 0.25% tax on all purchases and sales of financial instruments regardless of profitability.

Some of the potential impacts of the proposed trader tax:

• Decreased liquidity in the markets resulting in wider trading spreads
• Job losses due to lower trading volume across all industries
• Difficulty for listed firms to grow and the likelihood of fewer firms going public in the US due to reduced capital raising ability
• Lost revenue to overseas jobs, trading, and listings

The complete interview can be dowloaded from theStreet.com.