NASD/NYSE Merger on Radio
National Public Radio's Marketplace program will be featuring a discussion about the proposed NASD/NYSE merger tonight. Registered Rep. columnist and regulatory lawyer Bill Singer will be explaining his opposition to the proposal. For details on your local station or to hear the rebroadcast online, visit:
I just heard an atty. on Bloomberg say that, selfishly, that this combination was bad for lawyers that are focused in this area.
Less lawyers on the other side to fight with....Might not be a bad thing...
Caruso (an attorney) had negative comments about this merger for a NY Times' piece today:
http://www.nytimes.com (see business section)
The biggest beef the NASD/NYSE arb lawyers have is by combining the two agencies, they lose "choice of venue."
C1 of WSJ article today on NASD-NYSE Regulatory arm merger (story by Randall Smith).