The Securities and Exchange Commission (SEC) is seeking public comments on a proposed amendment to the Joint Self-Regulatory Organization Plan related to Nasdaq-listed securities. This amendment, known as the Fiftieth Amendment, aims to standardize the process for declaring regulatory halts in trading, ensuring that such decisions are made by the primary listing market. The goal is to maintain a fair and orderly market during disruptions, such as system outages or unusual market activity. Interested parties can submit comments until March 22, 2021.
Simple Explanation
The Securities and Exchange Commission (SEC) wants people to share their thoughts on a plan to help keep the stock market running smoothly when things like big computer glitches or sudden selling happen. They want to make sure only one main market can decide when to stop trading to keep everything fair.