*Letters

SIFMA Submits Comments to the SEC on Sub-Penny for Non-Nasdaq Over-the-Counter Equity Securities

Published on:
February 16, 2006

The Trading Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission (SEC) regarding a rule change proposed by the National Association of Securities Dealers, Inc. (NASD), Release No. 34-53024; File No. SR-NASD-2005-095. The proposed rule change would impose restrictions on the display of quotations and orders in sub-penny increments for non-Nasdaqover-the-counter (OTC)equity securities. SIAnotesthat Amendment No. 2 to the filing, which would eliminate a requirement in Rule 6540(c), causes concern for SIA member firms.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.