Commentary

Brian Decker
Traders Magazine Online News

Three Reasons the "Downs" Have Greater Impact In An "Up and Down" Stock Market

Brian Decker, a financial planner and founder of Decker Retirement Planning Inc., argues that it is much more important for investors to consider the downside in turbulent markets than the upside.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




Free Site Registration

March 7, 2008

More Leeway on Reg NMS for Preferred Stock

By Peter Chapman

The Securities and Exchange Commission is likely to exempt nonconvertible preferred stock from Regulation NMS's order-protection rule.

SEC staff recommended that the lightly traded securities be exempted last summer, sources close to the regulator say. If the security is exempted, it would be the 14th exemption or exception to the trade-through rule the SEC has granted.

Any action by the SEC is likely to be anticlimactic, however, as traders are already handling the securities as if they were exempt, sources say. About $214 billion worth of preferred stock is outstanding in the U.S., according to Standard & Poor's. That compares to $16 trillion in common stock and $5 trillion in corporate bonds.

(c) 2008 Traders Magazine and SourceMedia, Inc. All Rights Reserved.

http://www.tradersmagazine.com http://www.sourcemedia.com