November 14, 2007
Specialist Firm Complains About Odd-Lot Abuses
Specialist firm LaBranche & Co. complained to regulators that certain professional traders are abusing the odd-lot trading rules -- designed to protect small traders -- at its expense. In response, the NYSE has imposed volume limits to stop manipulation. It has also brought regulatory actions against abuses of the odd-lot system. WSJ, NYSE Moves to Prevent Abuses in Odd-Lot Trades.
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