Sec Update : Regulation Nms, Enforcement of Regulation Fd, and Proposed Rule on Nrsros

The U.S. Securities and Exchange Commission adopted Regulation NMS, which will modernize the U.S. equity markets through the Trade-Through Rule, rules regarding market data, a rule on access to quotations, and the Sub-Penny Rule. The SEC settled the first enforcement action under Regulation FD for a company's reaffirmation of its earnings and against a Director of Investor Relations. The SEC proposed a rule to define NRSRO (nationally recognized statistical rating organization)