Friday, May 06, 2016 11:51:39 AM
The SEC noticed and adopted Rule 612 to address the problem. It specifies that the minimum pricing increment for stocks over $1.00 must be $0.01; stocks under $1.00 have a minimum pricing increment of $0.0001. The rule, however, only banned sub-penny quoting - and not sub-penny trading - and as such the problem of sub-pennying still exists.
so I guess there's a window to trade, just not quote, a subber.
At the end of the day going subber will force either the close of the company, sale to reverse or a huge reverse split imo
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