SEC Proposes to Rescind Rules Related to NMS Stocks

The SEC has released a proposed rule that would rescind Regulation National Market System (NMS) Rules 610(e) and 611, which contain, respectively, “the trade-through prohibition” and “restrictions on locking and crossing quotations” related to NMS stocks. The proposal would also rescind related definitions from NMS Rule 600 and make “conforming changes to other related provisions.”

For more information, see the press release and fact sheet — as well as the statements by SEC Chairman Paul Atkins and SEC Commissioners Mark Uyeda and Hester Peirce — on the SEC’s Web site.