where is the SEC ?
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"Bob111
Registered: May 2002
Posts: 1162
07-24-06 08:33 PM
SEC is busy approving restriction on ECN-s free for public data-
http://data.inetats.com/ds/tools/bo...ok.jsp?STOCK=aa
they don't want you see it. the less you know-less you complain...
thank you SEC
Notice to BookViewer customers: Pending SEC approval, beginning September 1, 2006, INET BookViewer and related order data will no longer be available for free on any public site
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Drock409
Registered: Jul 2004
Posts: 95
07-24-06 10:26 PM
TOTAL BS....i thought pennies was supposed to be "for the public"...so u can have pe
what is this give me for free attitude?
if you want data pay for it.
Registered: May 2002
Posts: 1162
07-24-06 08:33 PM
SEC is busy approving restriction on ECN-s free for public data-
http://data.inetats.com/ds/tools/bo...ok.jsp?STOCK=aa
they don't want you see it. the less you know-less you complain...
thank you SEC
Notice to BookViewer customers: Pending SEC approval, beginning September 1, 2006, INET BookViewer and related order data will no longer be available for free on any public site
Edit/Delete ⢠Quote ⢠Complain
Drock409
Registered: Jul 2004
Posts: 95
07-24-06 10:26 PM
TOTAL BS....i thought pennies was supposed to be "for the public"...so u can have pe
what is this give me for free attitude?
if you want data pay for it.
Ok ...im going to let all you kids in on a little secret....What Goldman and Merrill, BNY and Bear want....Goldman and Merrill, BNY and Bear get....they use regulation to get their way and to get their market share....think about it....
Daytraders taking liquidity and market share? Out comes the PDT rule
ECN's taking up volume? go to decimals, pound them out and then Buy the struggling ECN's
Firms are trading away and going to small MM's or trading for themselves? In comes Phase III OATS, thus everyone has to either invest in a software or go exclusively through their clearing firm..
Firms are trading Bonds all over the place and have better access to legit bond prices w/out the use of Bloomberg...Bingo! here comes the new TRACE regulation that again forces the small guys to use the big guys....
You want to do an OTR with the head of Morgan? Your fired!
their has not been one piece of regulation that has passed without their approval behind closed doors!
Daytraders taking liquidity and market share? Out comes the PDT rule
ECN's taking up volume? go to decimals, pound them out and then Buy the struggling ECN's
Firms are trading away and going to small MM's or trading for themselves? In comes Phase III OATS, thus everyone has to either invest in a software or go exclusively through their clearing firm..
Firms are trading Bonds all over the place and have better access to legit bond prices w/out the use of Bloomberg...Bingo! here comes the new TRACE regulation that again forces the small guys to use the big guys....
You want to do an OTR with the head of Morgan? Your fired!
their has not been one piece of regulation that has passed without their approval behind closed doors!
The fact that HCA was in talks was public knowledge albeit with the WSJ reporting the deal was dead. Some people took a shot that it wasn't, some others tape read that buying in the stock and the options and jumped in. You don't have to be in the know to catch a buyout. You just have to pay attention to the tape!!!
HAHAHA, so true. How about back a few decades when the SEC officials were almost all ex NYSE & AMEX officials.
The decimalization was done more for fragmentation of large institutional sizes, forcing the funds to pay fees for the IB trading desks algorithms. That's why the intitutions took SEC to court, citing that decimalization has made it much more expensive for them.
Don't know about the HCA situation, bdon may be right but who knows for real. For an obvious insider trading pattern, take a look at homebuilders over the last 3 years, same old pattern prior to key numbers.
Cox: Rules for hedge funds needed
By Sara Hansard
July 25, 2006
Christopher Cox urged "emergency" limits on the marketing and availability of hedge funds to "unsophisticated" retail investors today at a hearing on hedge funds conducted by the Senate Banking Committee.
Mr. Cox, chairman of the Securities and Exchange Commission, outlined a number of emergency actions and proposed regulations that he will call for in the wake of a decision last month by the U.S. Court of Appeals overturning the SEC's 2004 hedge fund adviser registration rule.
-There are an estimated 8,800 hedge funds with $1.2 trillion in assets.
Decades-old regulations governing who can invest in hedge funds may be updated to ensure that only wealthy people may do so, Mr. Cox told the committee.
The current definition of "accredited investors," those who can invest in hedge funds, is "wholly inadequate to protect unsophisticated investors from the complex risks of investment in most hedge funds," said Mr. Cox.
The overturned regulation would have had the effect of increasing the suitability threshold for investors in most hedge funds to $1.5 million of net worth, rather than $1 million.
In addition, Mr. Cox said he will recommend that the SEC issue a new anti-fraud rule that would have the effect of "looking through" a hedge fund to its investors to ensure that hedge fund advisers have a clear fiduciary responsibility to investors in the funds.
Since the court decision, more hedge fund advisers have become newly registered than have de-registered, Mr. Cox said.
He stressed that hedge funds remain subject to antifraud, civil liability and other provisions of the federal securities laws, noting that the number of enforcement cases brought by the SEC has grown from just four in 2001 to more than 90 since then.
"But while our ability to bring enforcement actions against hedge funds and their managers remains intact" following the court decision, "the same can not be said for the commission's ability to require hedge fund advisers to register and submit to inspections," he said.
Hedge fund regulation is inadequate, he said. "We must move quickly to address the gaping hole that the Goldstein decision has left," he said, referring to the court decision
==============================================
Gee...You don't think it bothers Goldman, Merrill, Morgan Stanley ect.. that there is 1.2 trillion in assets out of their control????
:eek:
By Sara Hansard
July 25, 2006
Christopher Cox urged "emergency" limits on the marketing and availability of hedge funds to "unsophisticated" retail investors today at a hearing on hedge funds conducted by the Senate Banking Committee.
Mr. Cox, chairman of the Securities and Exchange Commission, outlined a number of emergency actions and proposed regulations that he will call for in the wake of a decision last month by the U.S. Court of Appeals overturning the SEC's 2004 hedge fund adviser registration rule.
-There are an estimated 8,800 hedge funds with $1.2 trillion in assets.
Decades-old regulations governing who can invest in hedge funds may be updated to ensure that only wealthy people may do so, Mr. Cox told the committee.
The current definition of "accredited investors," those who can invest in hedge funds, is "wholly inadequate to protect unsophisticated investors from the complex risks of investment in most hedge funds," said Mr. Cox.
The overturned regulation would have had the effect of increasing the suitability threshold for investors in most hedge funds to $1.5 million of net worth, rather than $1 million.
In addition, Mr. Cox said he will recommend that the SEC issue a new anti-fraud rule that would have the effect of "looking through" a hedge fund to its investors to ensure that hedge fund advisers have a clear fiduciary responsibility to investors in the funds.
Since the court decision, more hedge fund advisers have become newly registered than have de-registered, Mr. Cox said.
He stressed that hedge funds remain subject to antifraud, civil liability and other provisions of the federal securities laws, noting that the number of enforcement cases brought by the SEC has grown from just four in 2001 to more than 90 since then.
"But while our ability to bring enforcement actions against hedge funds and their managers remains intact" following the court decision, "the same can not be said for the commission's ability to require hedge fund advisers to register and submit to inspections," he said.
Hedge fund regulation is inadequate, he said. "We must move quickly to address the gaping hole that the Goldstein decision has left," he said, referring to the court decision
==============================================
Gee...You don't think it bothers Goldman, Merrill, Morgan Stanley ect.. that there is 1.2 trillion in assets out of their control????
:eek: