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Short Stopped

FINRA Dealt Setback in OTC Quoting Plan

Traders Magazine, March 2012

Peter Chapman

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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