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Market regulation · 07/07/2004

American Stock Exchange LLC Receives Approval for New Rule Change and Amendment

The American Stock Exchange LLC has received approval from the relevant regulatory body to adopt a new rule change and amendment to its existing rules, which will introduce a 'Clearly Erroneous Transaction Rule' and a 'Half-Point Error Guarantee' for trades in Nasdaq National Market securities. This new rule change aims to enhance market transparency and protect investors.

Source: Federal Register — SECOpen original release →