Will Post Confidential Comments on the Restructing of the Securities Markets

     Whenever I write about the structure of the country's securities markets I am asked:  "Who is paying you?" My answer:  "No one [in the industry]."  Most public comment on the new SEC Reg. NMS and the pending mergers is self-interested and "official."  There is so much cash at stake that market professionals are reluctant to talk and write candidly and openly about the changes for fear of offending a boss or client.  Professors are not immune;  many academics have an interest in grant money from market participants.  SEC insiders also are very, very careful in their public comments.  If you want to post an opinion confidentially, this is the place.  E-mail me, if interesting, I will post it without attribution here (or with attribution if you like).