NASD: Please Reduce the Market Maker Penalty
Traders Magazine, December 2000
The National Association of Securities Dealers has urged the SEC to reduce by half its penalty on market makers that fail to promptly refresh their Nasdaq quotes.
Right now, a market maker that doesn't refresh its quote on a security within five minutes is subject to a 20-business day ban on trading that security. The NASD wants to reduce that period to 10 days.
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