But as Marketplace's Stephen Henn reports, the Securities and Exchange Commission is expected to vote tomorrow on whether or not to open that privileged information to the public. According to Harvey Golschmid, the SEC's former General Counsel, the system's fundamentally unfair when, for example, a company is doing badly. Get a chance to not take the loss an individual investor is exposed to. While it sounds like a good idea, Stewart Kazwell, who represents brokers for the Security Industry Association, isn't convinced. You know it when you see it, on hearing that the corporate official is going to say I don't want to take that chance.
Consumer advocates say securities dealers are just trying to preserve their privileged place.
Tomorrow the SEC will have to decide. In Washington I'm Stephen Henn for Marketplace. Realtors say apartment sales in the Big Apple are slowing. Marketplace's Michelle Brier reports. Sure, the New York real estate board reports a 14 percent drop in the number of apartments sold in the last quarter compared to the same time last year.