[Code of Federal Regulations]
[Title 17, Volume 3]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR242.612]

[Page 583-584]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
       CHAPTER II--SECURITIES AND EXCHANGE COMMISSION (CONTINUED)
 
PART 242_REGULATIONS M, SHO, ATS, AC, AND NMS AND CUSTOMER MARGIN 
REQUIREMENTS FOR SECURITY FUTURES--Table of Contents
 
Sec.  242.612  Minimum pricing increment.

    (a) No national securities exchange, national securities 
association, alternative trading system, vendor, or broker or dealer 
shall display, rank, or accept from any person a bid or offer, an order, 
or an indication of interest in any NMS stock priced in an increment 
smaller than $0.01 if that bid or offer, order, or indication of 
interest is priced equal to or greater than $1.00 per share.

[[Page 584]]

    (b) No national securities exchange, national securities 
association, alternative trading system, vendor, or broker or dealer 
shall display, rank, or accept from any person a bid or offer, an order, 
or an indication of interest in any NMS stock priced in an increment 
smaller than $0.0001 if that bid or offer, order, or indication of 
interest is priced less than $1.00 per share.
    (c) The Commission, by order, may exempt from the provisions of this 
section, either unconditionally or on specified terms and conditions, 
any person, security, quotation, or order, or any class or classes of 
persons, securities, quotations, or orders, if the Commission determines 
that such exemption is necessary or appropriate in the public interest, 
and is consistent with the protection of investors.