Tokenized stocks eligible for the SEC's September exemption must carry equivalent shareholder rights, but exempt venues can operate outside key Regulation NMS protections. The September 17 order grants temporary, conditional relief to venues offering permissioned automated market maker pools for eligible tokenized NMS stock. FINRA-member brokers retain applicable best-execution duties for covered customer transactions, independently of the venue's exemption. Douro Labs asked SEC staff on October 9 for provider-neutral principles to assess external price feeds and use those feeds for dollar reporting.