Notice to Members 07-19
SEC Approves Amendments to Expand IM-2110-2 to Include OTC Equity Securities
On February 26, 2007, the Securities and Exchange Commission (SEC) approved amendments to Interpretive Material (IM) 2110-2, Trading Ahead of Customer Limit Order, to apply to over-the-counter (OTC) equity securities. The amendments also modify the minimum price improvement standards set forth in IM-2110-2 with respect to both NMS stocks and OTC equity securities. IM-2110-2, as amended, is set forth in Attachment A of this Notice. The amendments become effective on July 26, 2007.
Questions regarding this Notice may be directed to the Market Regulation Legal Section at (240) 386-5126, or the Office of General Counsel at (202) 728-8071.