Last Friday, the SEC’s Market Structure Subcommittee released its draft recommendation on decimalization and tick sizes. In a refreshingly clear analysis, it recommended that the SEC not experiment with artificially increasing the tick sizes for small-cap companies.
“Engaging in pilot programs, when we know what occurs from prior experience (and it is not good for investors) seems unjustifiable.
The basic question at issue is whether increasing tick sizes of small-cap stocks to a nickel (or more) will help
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