SEC Publishes Statement Regarding Regulation NMS Revisions
This afternoon the SEC published this official statement: http://tinyurl.com/6rsxp.
The proposed changes could be more extensive than what was originally published (see the original proposal here: http://tinyurl.com/7yx4a).
Dow Jones Newswires interviewed SEC market regulation division director Annette Nazareth this afternoon. (You can read portions of that interview here: http://tinyurl.com/3vb36) . She says that the plan is for the SEC to meet on 12/15/04 to consider Reg. NMS and then they'll post the revised plan on their website. Once posted, she says the SEC will wait 30 days for public comments. She said that if the revised plan is accepted changes would take effect in early 2006.