December 21, 2006
Over the past several years, the advent of internet technology has leveled the playing between individual investors and institutions. That has been good for the individual/small business person as well as for the markets.
The implementation of fees to obtain current market prices such as the proposed fee for INET quotes again makes it an uphill struggle for small investors (for whom $100 or so per year is excessive for the obtained value) and puts the unfair advantage and control of the markets back in the hands of the few---the institutions.
I strongly believe that the SEC should reconsider their position on this issue.