With the president's vision of an Ownership Society, it would be ironic if the SECnow extends regulation to NASDAQ--a market that is functioning well withoutSEC intervention.

The latest draft of Regulation NMS, the Securities and Exchange Commission’s proposal for market structure reform, is now out for comment, and the commission has promised action soon after the comment period closes. The regulation, by extending the so-called trade-through rule to Nasdaq and covering all orders that are accessible...

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Few investors know that when they ask their broker for a current price of a New York Stock Exchange (NYSE) or NASDAQ stock, the broker is paying for this data and that the revenue from the sale...