The Proposed Rule Change
Traders Magazine, September 1998
The National Association of Securities Dealers' filing with the Securities and Exchange Commission on riskless principal trade reporting proposes the following amendments to the current reporting requirements: Market makers would be exempted from reporting riskless principal trades in the Nasdaq National Market, the Nasdaq SmallCap Market, Nasdaq convertible-debt securities, and non-Nasdaq OTC equity securities. The rule is subject to SEC approval.
The rule's proposed new language follows, and is underlined; proposed deletions are in brackets:
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