Subject: File No. SR-NYSE-2011-20
From: Bryan Degnan
Affiliation: Taylor Rafferty Associates

May 19, 2011

To whom it may concern,

This proposed rule change would be extremely detrimental to competition in the investor relations field. By granting such a huge advantage to two major service providers, this rule change would be a major impediment to other investor relations service providers, particularly as the inclusion of this offer in the rules of the listed company manual makes the use of these two chosen providers seem to be a requirement of the NYSE.

I do not see how this promotional offer is in any way an appropriate addition to the exchange's rules.