Phil Bak: SEC considers rule change allowing tokenized stocks to bypass trade-through restrictions

Phil Bak: SEC considers rule change allowing tokenized stocks to bypass trade-through restrictions
SEC rule may let tokenized stocks bypass limits

Phil Bak highlights that the initial public comments have been posted for the SEC's proposal to rescind Regulation NMS Rules 611 and 610(e).

According to Bak, this proposed change would enable tokenized stocks to sidestep existing trade-through restrictions, potentially impacting market structure.

Bak has previously commented on shifts affecting market participants. In a recent note, he described how short sellers are being taken out of the market one by one. Bak’s observations focus on emerging challenges for bearish investors.

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