How The SEC May Overhaul Its Order Protection Rule

By Aaron Washington and Emily Bauwens ( November 7, 2025, 3:52 PM EST) -- In light of today's rapidly evolving securities markets, Chairman Paul Atkins is leading the U.S. Securities and Exchange Commission's efforts to reevaluate Regulation National Market System, a collection of rules governing key aspects of the U.S. equity markets. The SEC has launched this initiative by revisiting one of Regulation NMS' most consequential provisions: Rule 611, also known as the order protection rule or the trade-through rule.[1]...

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