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Decimals: Is the SEC Getting Cold Feet?

Traders Magazine, December 2000

William Hoffman

A Securities and Exchange Commission roundtable on decimalization in December may have been the start of industry moves to slow the transition from pricing stocks in fractions to pricing in decimals.

The roundtable's sprawling three-hour agenda, featuring introductory comments by Chairman Arthur Levitt and SEC director of the division of market regulation Annette L. Nazareth, "tells me there's probably a behind-the-scenes move to slow down decimalization," said Junius W. Peake, professor of finance, at the University of Northern Colorado. Peake was an early proponent of decimalization.

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