Ready or Not

摘要

Since Reg NMS was passed in April 2005, securities firms, exchanges and electronic communications networks (ECNs) have been racing to comply with the next major wave of enforcement, comprising 250 of the most heavily traded securities on U.S. exchanges, scheduled to go into effect June 29. As the deadline draws closer, it is becoming increasingly clear that some firms are struggling to meet it, and there are even rumors that the deadline may be extended, although a decision to do so likely would not come until the last minute, according to sources familiar with the SEC's thinking.