chiker

Nasdaq Sale: Why Would Schapiro and FINRA Lie?

hi larry, this is inches from brilliant. could i ask a few 'follow the money' questions, the answers which may further layout this transaction / Trust con job?

1. in other exchange sales, what do member firms typically receive as payout?
your highlight of page 13 point 6 part b is most intriguing...
2. how do the receipts from sale (the asset) divert to the nyse member firms?
3. what are the costs of SRO for nyse and non-nyse member firms?
4. the investment of the proceeds, net disbursements, is managed by who?
5. where can we find info on the -26% return published for 2008 performance?

If this transaction is selling out Trust for increased comp. that wouldnt surprise. Witnessing metropolitan area political sell-outs while living in new jersey and working on the Street for 19 years i am amazed at 'cheap' corruption. Whether its selilng military secrets for the equivalent of fancy car payments, or politicians allocating contracts illegally for $5k in an envelope - its all sad and very damaging to Trust. thank you.