The Securities and Exchange Commission (SEC) has granted a temporary extension for certain companies that operate in the securities market. This extension allows them to bypass a specific requirement related to tracking and linking customer orders and representative orders in cases where their systems aren't directly connected. The SEC supports this extension to give companies more time to find long-term solutions and maintain market stability. This decision is made in the interest of protecting investors and ensuring the market remains organized and efficient.
Simple Explanation
The SEC is giving some companies extra time to fix their systems so they can track where people's money goes when they buy or sell stocks, because their current systems aren't working together well right now. This helps make sure everything stays fair and safe for everyone investing in the stock market.