Join our fight against Sub-Pennying
SEC rule 612 was implemented to protect the integrity of the NBBO. It is our belief that Broker-Dealers and algorithmic programs are circumventing the rule by stepping ahead of the NBBO through the use of dark pools and broker-dealer internalization. We request that the SEC review rule 612, and make amendments to better regulate the Broker-Dealer price improvement process. In addition, the SEC should investigate the practice of using dark pools to hide in front of the NBBO.
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