NASDAQ is proposing a retroactive cap on execution fees and rebates for low priced stocks that traded on SuperSOES. The cap is pending SEC approval and may apply back to July 1, 2002. Pending SEC approval NASDAQ will cap SuperSOESâs execution fees at $75.00 per trade and liquidity provider rebates at $37.50 per trade for securities trading at $1.00 or less per share.
Special interest groups try all they can do to keep the business to themselves. You see, this is another thing they do. The difference is that it hurts large investors/traders and maybe some other special interest groups this time comparing to the PDT rules. Watch the show. Hahahah.