June 30, 2009
The New York Stock Exchange LLC ("NYSE") will be decommissioning the requirement to report program trading activity via the Daily Program Trading Report July 14, 2009 which will diminish market transparency. The SEC is failing retail investors if it allows this to happen.
The SEC has been a disappointment for years in protecting the small investor.
To remove from the public the right to see who is trading the large blocks of program trades on the NYSE is unacceptable. It gives Goldman Sachs a cover that it should not have to hide behind. That's not in the interest of market transparency.
Penny Hughes
St. Petersburg, Fl