Re. Rule 201 of Reg. SHO

Comment Letter (SIFMA)

SIFMA submitted a comment letter to the SEC regarding a request from the NYSE and NASDAQ for a n exemption from the "alternative uptick rule" of Rule 201 of Reg. SHO for single-priced opening, reopening and closing transactions executed on their respective exchanges. Although the letter states that the SEC has declined to grant the requested relief, SIFMA notes the potential unintended impact of the rule and urges the SEC to reconsider its decision.

Date

January 19, 2011

Cross References (links may require a Cabinet subscription)

Reg. SHO Rule 201