Source: United States Senator John Kennedy (Louisiana)
WASHINGTON – Sen. John Kennedy (R-La.), today introduced the Intelligent Tick Study Act to require the Securities and Exchange Commission (SEC) to look at the economic impact that trading in increments—called ticks—of over and under one penny has on the stock market. The bill would also allow the SEC, through rulemaking, to determine appropriate tick sizes for small companies that are publicly traded.
“The one-size-fits-all penny increment makes it more challenging for small companies to trade. I’m introducing the Intelligent Tick Study Act to help level the playing field so that small companies can be traded and raise capital more efficiently,” said Kennedy.
Text of the bill is available here.