SEC Proposes Added Transparency For Dark Pools

Law360, New York (October 22, 2009, 4:10 PM EDT) -- The U.S. Securities and Exchange Commission has voted unanimously to propose regulations to more closely oversee so-called dark pools, which are trading systems that do not publicly provide price quotes.

By a 5-0 vote Wednesday the SEC decided to propose new rules intended to increase transparency of dark pools so that investors will have a clearer view of stock prices and liquidity. The agency will be taking public comments on its proposals for 90 days.

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