Commentary

Sachin Barot
Traders Magazine Online News

CANNABIS CORNER: Part 1: Snapshot of the Legal Cannabis Market at Year's End

In this first in an exclusive new series to Traders Magazine, Sachin Barot, CEO of CERESLabs, examines the foundations of the cannabis industry and the potential for trading in this new emerging asset.

Traders Poll

Is your firm considering outsourcing some of its trading or back office operations?

Yes

5%

No

72%

We already have outsourced some of our operations

23%

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