Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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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.

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