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November 15, 2006
Ask.com, Google, & Yahoo Fight Raising SEC Fees
The Washington Post reports that the SEC wants to charge new fees for accessing and displaying real-time stock quotes. IAC (Ask.com), Google, Yahoo and others in a coalition are fighting back. "The coalition in particular is looking for the SEC to reverse a staff decision allowing the New York Stock Exchange to increase the fees for displaying information from its Archipelago electronic market, some of which had been free. In authorizing the new charges last month, the commission ruled they were legitimate because they were not out of line with those already imposed by the Nasdaq for similar data."
Posted by Barry Schwartz on November 15, 2006 10:44 AM
