FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA and NetCoalition.com provide comments to the Securities and Exchange Commission (SEC) petitioning for disapproval of the Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify an Optional Depth Data Enterprise License Fee for Broker-Dealer Distribution of Depth-of-Book Data, File No. SR-NASDAQ-2012-069. The groups believe this change results in a 35 percent increase in the cost of depth of book market data for retail, non-professional users – without any justification.
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