May 20, 2011
How can this be good for anybody other than the NYSE, Thomson and IPREO? Bad for issuers, because they are forced into a decision to use a certain provider. Bad for any company in the investor relations space NOT named Thomson or IPREO. Bad PR for NYSE because people will get angry for being forced into using a provider they might not want to use.
Incredible lack of foresight on this decision, I hope the SEC does the right thing.
Full disclosure: I am a small service provider in the IR space that is being directly impacted by this already and will be crushed if this is enacted.
Not sure that is in the spirit of fair competition.
Brian Rivel
President
Rivel Research Group