Respuesta :
Rule 612 of Regulation NMS does not allow sub-penny quotes or orders to be entered for NMS stocks.
What is SRO?
Self-Regulatory Organizations (SROs) are groups that were created with the intention of regulating market activity, member business practices, and ethical standards in order to safeguard investors and advance the market.
A follow-on offering (FOO) and an SRO both include companies that are currently publicly traded and have shares listed on the Philippine Stock Exchange (PSE). The main distinction is that only shareholders of that company are given the chance to take part in an SRO. All national securities and commodities exchanges, as well as the NASD, are organizations that ensure fair, ethical, and effective standards in the securities and commodity futures markets.
Hence, Rule 612 of Regulation NMS does not allow sub-penny quotes or orders to be entered for NMS stocks.
Therefore, The correct answer is A.
The complete question is,
An NMS stock is quoted at $30.50 Bid; $35.75 Ask. Which quotes can be accepted by an SRO for this stock?
I $30.55 Bid
II $30.555 Bid
III $30.65 Ask
IV $30.655 Ask
A. I and III
B. I and IV
C. II and III
D. II and IV
To learn more about Self-Regulatory Organizations refer to:
https://brainly.com/question/13501738
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