Pretty much. Getting things in order for the MOASS. Sounds like they are also making sure anyone bidding on auctions are capable of handling the volume in question. IMO by them wanting paperwork etc. to be filed ahead of time, pretty much surveying who's interested in what and making a plan.
So PHIL and otc should get interesting for sure. One thing is for sure by all the new rules ( if they actually uphold them) we will never see this mess we have now again.
Phil has seen a lot of JANE lately, wonder if their role will increase...
There was another one passed too but haven't had a chance to look it up. Something about the ability to raise margin automatically in high volatile stocks and situations.
Can even take place on positions already taken.
With that said...anyone on a margin account may want to switch to a cash account.
These new rules will effect PHIL and all of the market very quickly.
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