The Minutes of Paul Atkins on regulation nms https://minutesof.com/sec-chair/on/regulation-nms/ Everything Paul Atkins has said on regulation nms: 3 verbatim quotes, each with a timestamp and a link to the recording it came from. en Mon, 31 Aug 2026 13:12:00 +0000 Atkins announces the SEC proposes to rescind Rule 611 of Regulation NMS and the prohibition on locking and cro https://minutesof.com/q/c16e0929-1f66-4d56-88e6-59c99e811021/ https://minutesof.com/q/c16e0929-1f66-4d56-88e6-59c99e811021/ “Today, the Commission proposes to rescind Rule 611 of Regulation NMS as well as the prohibition on locking and crossing quotations.” — SEC speeches and statements regulation nms Atkins calls Rule 611, the Trade-Through Rule, a grave misstep since his time as Commissioner in the 2000s. https://minutesof.com/q/b74e66a0-d3fe-4a81-a807-caa7aedcff82/ https://minutesof.com/q/b74e66a0-d3fe-4a81-a807-caa7aedcff82/ “I have viewed as a grave misstep since I served as Commissioner in the Aughts: that is, Rule 611, also known as the “Trade-Through Rule.”” — SEC speeches and statements regulation nms Atkins argues the trade-through rule has fueled disorder by encouraging exchange proliferation and dampening i https://minutesof.com/q/8466c488-5ad4-4769-b2e3-5c95de413f0d/ https://minutesof.com/q/8466c488-5ad4-4769-b2e3-5c95de413f0d/ “Indeed, the release shows that, in today’s markets, the trade-through rule has helped fuel disorder by encouraging the proliferation of exchanges, dampening innovation within them, and inspiring ever more complex order types on those exchanges.” — SEC speeches and statements regulation nms