Subject: File No. SR-NYSEArca-2006-21
From: Steven C Spencer, Esquire

June 18, 2006

The merger of the NYSE and Archipelago is another example of the SEC allowing the consolidation of market competitors which ultimately hurt the individual investor. Prior to their merger , Archipelago competed for business with the NYSE. Therefor, ARCA had an incentive to provide their order book to investors for free. Now that they are no longer independent NYSE wants to charge a monthly fee to investors who want to view this information. The SEC should not allow this to happen. All investors should be able to view market data for free. By allowing the NYSE or the NASDAQ to implement new data fees the SEC is implicitly agreeing that it is ok for the tow major US equity markets to engage in monopolistic behavior.

For once, the SEC should attempt to protect the individual investor and not allow these exhorbitant fees to be charged.