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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

Among the SEC’s reforms is the proposal to amend certain rules under Reg NMS to adopt variable minimum pricing increments – or tick sizes – for the quoting and trading of NMS stocks. According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6 billion and Virtu which spent $654 million in the same period.

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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

SPACs are predicted to be an even higher percentage of the 2021 market share, with SPACs representing 79% of the January IPOs. In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance. In re Benjamin H.