August 9, 2006
I'm writing to oppose a current rule No. SR-NYSEArca-2006-20, which entails the pricing of operating a business on the Floor of the New York Stock Exchange. In effect it is anti-competitive and discriminatory against small business. NYSE put a much higher percentage burden on independent business as oppossed to larger house business (Ex: Citigroup, Goldman etc). Such an increase will put a small operation like mine out of business immediately. My firm will not have time to change its business practices to absorb these charges. My fees will increase 100%, where as large houses will increase 25%. Please take this comment into consideration as you make your decision.
Thank you for you Time