FINRA proposed a change to FINRA Rule 6433 ("Minimum Quotation Size Requirements for OTC Equity Securities") that would extend the Tier Size Pilot Program for OTC equity securities (i.e., unlisted equity securities) until December 8, 2017. The pilot program, which otherwise is set to expire on June 9, 2017, amends the rule in order to allow examination of the effects of changes in the minimum quotation sizes on market quality.
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