SEC Proposes Enhancements to Order Execution Disclosure Requirements

The SEC has issued a proposed rule, Disclosure of Order Execution Information, that “would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange.” Specifically, the proposal “would expand the scope of entities subject to Rule 605, modify the information required to be reported under the rule, and change how orders are categorized for the purposes of the rule.”

For more information, see the press release and fact sheet on the SEC’s Web site.