The SEC called on exchanges and market participants to submit "innovative" proposals intended to improve the secondary market structure for exchange-listed equity securities traded in low volumes.
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The SEC granted BATS BYX-Exchange, Inc. limited exemptive relief from the "Sub-Penny Rule" and approved the one-year adoption of the Exchange’s Retail Price Improvement Program.
The SEC requested comments on a FINRA proposal to extend the Tier Size Pilot Program for OTC equity securities until June 9, 2017.
FINRA proposed a rule change to extend the Tier Size Pilot for OTC equity securities until June 9, 2017. The pilot is currently set to expire December 9, 2016.
The SEC Office of Investor Education and Advocacy outlined factors for investors to consider before investing in microcap stocks in the first installment of a 3-part Investor Bulletin.