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FINRA Requests Extension for Tier Size Pilot Program

FINRA proposed a change to FINRA Rule 6433 ("Minimum Quotation Size Requirements for OTC Equity Securities") that would extend the Tier Size Pilot Program for OTC equity securities (i.e., unlisted equity securities) until December 8, 2017. The pilot program, which otherwise is set to expire on June 9, 2017, amends the rule in order to allow examination of the effects of changes in the minimum quotation sizes on market quality.

Primary Sources

  1. FINRA-Proposed Rule Change to Extend Tier Size Pilot of FINRA Rule 6433

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Tags

Regulated Activities
Trading
Sub-Activity
Quotations in OTC Equities, Quoting Obligations
Regulated Entities
Broker-Dealers
Regulated Products
Penny Stocks / Small Caps
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA