Carl Levin

Many, including this Senator, question whether the rise of high-speed trading is, overall, a good thing for markets and investors.

Let me have 10 seconds.

Why not urge your members to give people that option in their policy? That is all I am saying.

Why not give them a third option, an opt-in option to opt in on the type of special interest advertising that you might be interested in?

I think I have probably missed the first vote already.

But they are not required to eliminate the data they have already collected----

The Commission continues to reiterate its longstanding, bipartisan call for enactment of a strong Federal data security and breach notification law.

I happen to very much agree with his comments and with the thrust of this report.

Everything you tell a regulator is not necessarily public, by the way.

Have you considered an opt-in approach instead of an opt-out approach?

Is there any reason why you cannot ask consumers whether or not they prefer an opt-in or an opt-out approach?

So then if you eliminate all your cookies, nonetheless the opt-out will still function.

In other words, if you opt out, those companies can no longer collect information for interest-based advertising for you?

Putting aside the argument for it, which sounds sensible to me, is there any reason that you cannot do that?

Companies today have little incentive to disclose their role or knowledge of a security event, leaving consumers vulnerable and unprotected for potentially months or years.

If we cannot vouch for who the advertise is, we should not accept the ads in the first place.

How about asking consumers, 'Would you prefer an opt-in or opt-out model?'

Now, the opting out, as I understand it, prevents consumers from receiving targeted ads based on existing cookies. Is that correct?

I am not a tough sell in this area, I want you to know.

OK. There you want mandatory notification to the regulator.

Is there any reason why you should not be required to notify regulatory authorities?

The browser technology does not exist.

Any reason why you cannot notify the regulator?

To make sure that this program is fairly and effectively working is really important to us.

It is a very important hearing.