The U.S. Securities and Exchange Commission (SEC) today proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS, according to a press release on its website.
The proposal follows a review of Rule 611, which has been in effect for two decades. The SEC stated that the rule's unintended consequences have hindered, rather than helped, market functioning.
The SEC's press release did not provide further details on the specific impacts or the next steps in the rulemaking process.
