Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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June 20, 2005

NASD Gadfly Appeals to SEC

By Gregory Bresiger

The NYSE and the NASD should no longer be allowed to restrict access to arbitration award records, an attorney suing the NASD asks in a request for rulemaking filed with the SEC.

"I want these records to be easily available to everyone," Daniel Solin, an attorney in Pittsfield, Mass., told Traders Magazine. He says NASD and the Big Board are limiting access to the awards to those who are part of the arbitrations. However, an NASD spokesman says all awards "are available to anyone free of charge."

The spokesman added that Solin wants "unrestricted access" for the purpose of his own commercial product. Solin says he wants the records, in part, for a law review article. However he argues that it is in the public interest that these records be widely disseminated to everyone.