Type:Notice
Citation:90 FR 16041
Reading Time:about 54 minutes
The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change by NYSE American LLC. The proposal aims to amend Rule 7.18E, which addresses trading halts, and to make related changes to other rules. This is part of an effort to harmonize exchange rules for halting and resuming trading in U.S.-listed equity securities to reduce confusion and ensure fair market conditions during extraordinary events. The changes are also designed to improve clarity and consistency across multiple markets.
Simple Explanation
The SEC wants to change some rules about when and how the NYSE can pause buying and selling stocks. This helps everyone play fair and know what to expect when something unusual happens on the stock market.