United States DC Circuit

In a petition for review of the SEC's approval of NYSE Arca's proposal to charge a fee to investors for access to its proprietary "depth-of-book" product, the petition is granted where the SEC did not adequately explain the basis of its approval nor, on this record, support its conclusion with substantial evidence.

Appellate Information

• Decided 08/06/2010
• Published 08/06/2010

Judges

• Karen LeCraft Henderson

Court

• United States DC Circuit

Counsel

• For Appellant:
  
• Carter G. Phillips, Mark R. Pennington