NEW YORK (FOX 5 NEWS) - Wall Street and big money: both are hot-button topics this election year, especially among the Democrats. So who is Wall Street's candidate in the New York Primary?
Bill Harts is the CEO of Modern Markets Initiative, an organization that advocates for high-frequency trading. So what's the consensus on Wall Street when it comes to presidential candidates? Harts says there is no consensus. He doesn't think there's a single Wall Street candidate, and believes if you took 10 traders and put them in a room, you'd get 15 different opinions.
One problem may be that Wall Street put most of its money behind a candidate no longer in the running. According to the Center for Responsive Politics, through last month, the financial sector gave more than $67.5 million to Jeb Bush.
Hillary Clinton is a distant second with just over $32.5 million.
Ted Cruz trails behind her with about $31.25 million.
John Kasich received just over $6 million.
Bernie Sanders snagged only $1.2 million.
And Donald Trump barely registers with $468,000.
One thing Harts says Wall Street is worried about: Bernie Sanders' proposal for a financial transaction tax. It's basically a tax on selling stocks and bonds that could cost both Wall Street banks and individual investors.
Harts says that a financial transaction tax, specifically the one being proposed by Sanders, would be implemented in such a way that it would hit union pension plans particularly hard. Hart did an analysis recently that showed that for just one transaction, California teachers' pension plans would have to pay over $100 million in tax. Sanders isn't the only candidate to propose a tax on financial transactions, Clinton has addressed it, too.
But one thing is certain. Wall Street isn't ready to rally behind one particular candidate just yet.