SEC Group Advocates Transparency
Traders Magazine, September 2001
Most on Levitt's Panel' Support Competition in Data DistributionConsolidated market information and price transparency must continue to be the core elements of the securities markets in the United States. The Display Rule 11Ac1-2 should be retained. Those were some of the conclusions of the SEC Advisory Committee on Market Information, which has issued its final report. However, the committee was not unanimous in its support of a controversial rule that mandates broker dealers to provide a consolidated display of last transaction reports and quotations from all reporting stock market centers.
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