More Regulation Coming

Posted: Jul 10, 2010 8:21 AM

Reuters is reporting that the Security and Exchange Commission is looking into even more regulations for Wall Street. 

The U.S. Securities and Exchange Commission and big exchanges are considering eliminating so-called stub quotes, or orders placed by market makers that tend to be well off the market price, four sources said.

The SEC and the exchanges are also eyeing minimum obligations for market-making firms that would force them to submit quotes that are less than 10 percent away from a stock's current price, the sources said.

Full story.