United States DC Circuit

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NetCoalition v. SEC, 09-1042

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


  • Karen LeCraft Henderson


  • United States DC Circuit


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