Hotshot Traders Leave Wall Street : As Washington Changes the Rules, Hedge Funds Pounce; Debut of 'Libre Max'

The Wall Street Journal reports:

The competition is on to scoop up Wall Street traders and portfolio managers increasingly unnerved by the likelihood of sweeping new financial regulation.

Since political momentum began building earlier this year to limit trading for profit at Wall Street firms, traders have been exploring their options, and some have already left. Outside the banks, private investment funds looking for skilled traders have been gearing up for a hot talent market.

Regulations have consequences.