Off-Exchange Trading Regulation Bill
Official: Restoring the Secondary Trading Market Act
This bill allows off-exchange trading of certain securities without state regulations, as long as the companies provide current information. This change could simplify trading and encourage investment in these companies.
Restoring the Secondary Trading Market Act This bill prohibits states from banning, limiting, or imposing conditions upon off-exchange secondary trading of securities. This prohibition applies if the issuer of those securities provides public information on the issuer's financial status in accordance with federal regulations.
1. This bill removes state regulations on certain off-exchange trading. 2. It applies to securities from companies that share current information publicly. 3. The bill aims to make trading easier for investors and companies. 4. It updates rules from the Securities Act of 1933.
Investors and companies that trade securities off-exchange.