On September 25, 2019, the Securities and Exchange Commission will hold an open meeting to consider a number of topics. The first item on the meeting agenda relates to consideration of whether to propose amendments to Rule 15c2-11 of the Securities Exchange Act relating to the publication of quotes for securities in a medium other than a national securities exchange. This has been a topic of interest in connection with private secondary markets and trading in microcap and small cap stocks. The second item relates to the consideration of a final rule allowing for testing-the-waters communications in a broader range of offerings. The other two items on the agenda relate to the regulation of exchange-traded funds.
