FINRA Dealt Setback in OTC Quoting Plan
Traders Magazine, March 2012
The Securities and Exchange Commission has halted plans by the Financial Industry Regulatory Authority to impose a new quoting regime on the over-the-counter market, citing concerns over market quality. In an order made public last month, the SEC instituted proceedings to determine whether to disapprove a FINRA proposal to change the minimum quote-size requirements of the over-the-counter marketplace. Critics of FINRA's proposal, namely two large OTC players, say the lower quote size would negatively impact liquidity and ultimately hurt investors.
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