The Securities and Exchange Commission (“SEC” or “Commission”) has released a proposal to amend Exchange Act Rule 3b-16, Regulation ATS, and Regulation SCI. Criticized by SEC.
The Securities and Exchange Commission has released a proposal to amend Exchange Act Rule 3b-16, Regulation ATS, and Regulation SCI.1 Criticized by SEC Commissioner Hester Peirce as too wide-ranging and unwieldy with too short of a comment period.