Reported 27 days ago
The U.S. Securities and Exchange Commission (SEC) is set to vote on September 18, 2024, on proposed regulations allowing stock pricing in increments smaller than a penny, which could lead to significant changes in equity markets. The SEC aims to enhance price efficiency for both buyers and sellers, amidst concerns from industry groups advocating for a half-penny minimum instead. This proposal is part of a broader overhaul of market structures, the first major changes in nearly two decades.
Source: YAHOO