Former SEC Advisor and Chief Economist at the NASD Rings In

Gene Finn, the chief economist and senior adviser to the SEC from 1969 to 1982 and a chief economist at the NASD for 12 years, wrote an interesting letter to the SEC regarding Regulation NMS. Here's that letter: http://tinyurl.com/5p8yq.

He makes some valid points and highlights the need for reform to the US capital market structure.