18 Jul 2025
📈SEC Proposed Collection on Rule 604
Proposed Collection; Comment Request; Extension: Rule 604
Summary
The SEC is soliciting comments on the proposed collection of information under Rule 604, which requires the disclosure of customer limit orders. This rule aims to enhance market transparency, helping investors access better execution prices and facilitating a national market system for securities.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text discusses Rule 604 which mandates that specialists and market makers disclose limit orders, impacting compliance and trading practices in securities markets. This regulation enhances transparency and could improve execution opportunities for businesses involved in trading.