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.

"We should never underestimate or take for granted the wide spectrum...
To view the full article, register now.