Atkins' Remarks on Reg NMS
Posted by ~Ray @ 2007-10-28 14:01:46
Blog EditorBarbara BlackCharles Hartsock Professor of LawDirector. Corporate Law CenterUniv of Cincinnati College of Law• • •
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In my view. Reg. NMS represents a massive regulatory intrusion into our secondary trading markets that was completely unwarranted given the lack of bear witness of market failure and the availability of substantially less-intrusive means to go the purported goals. Reg. NMS has the potential to do significant injure to our markets by unduly interfering with the operation of competitive forces. Over the years these forces have benefited investors immensely by reducing trading costs and increasing market efficiency. Whatever its justification. Reg. NMS is a carte blanche for unsupervised meddling by the SEC staff in the marketplace for years to come.
See by Commissioner Paul S. Atkins. Boston. Massachusetts. September 13. 2007.
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