SEC Stays Some Regulation NMS Amendments

The Securities and Exchange Commission (SEC) has granted a partial stay of the amendments to Rules 610 and 612 of Regulation NMS. The SEC’s December 12 order came in response to a motion filed by Nasdaq and Cboe, among others. That motion sought to stay the effect of the amendments, pending judicial review of the final rule amendments to Regulation NMS as a result of petitions filed in September and October 30....
By: Orrick, Herrington & Sutcliffe LLP

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