Proposed Rule Change Denied in Favorable Decision for Edgeworth Clients
Jul 24, 2014
Edgeworth Economics worked on behalf of clients who received a favorable decision from the SEC in a ruling denying a proposed rule change, earlier this month.
At the request of several exchanges Dr. Parker Normann submitted a comment letter on the economic implications of the proposed rule change, which was frequently cited and quoted by the SEC in its ruling. Dr. Normann’s analysis explained that the proposed rule change is likely a form of price discrimination and is not motivated by efficiency-based volume discounts. He provided an expert opinion on pricing, efficiencies, and the effects on rebates as they related to the issue.