The Nasdaq Stock Market LLC has proposed a rule change to amend its pricing schedule for certain market makers involved in removing liquidity from the market for penny stocks. This proposal was filed with the Securities and Exchange Commission (SEC) and is designed to lower the percentage requirements for specific incentives available to market makers. This rule change has been designated for immediate effect, though the SEC is soliciting public comments on it. Interested parties can submit their opinions online or via mail to the SEC before March 12, 2025.
Simple Explanation
The Nasdaq Stock Market wants to change its rules to make it easier for certain people to get rewards when they buy and sell penny stocks really fast. They want to know what others think about this change and are asking people to tell them by March 12, 2025.