Eligible tokenized stocks must carry equivalent shareholder rights under the SEC’s September exemption, but qualifying venues can operate outside key Regulation NMS trade-through protections.
FINRA-member brokers handling covered customer transactions still owe best execution. Investors need to distinguish the rights attached to a share from the pricing and order-handling protections of the venue and broker they use.
FINRA-member brokers handling covered customer transactions still owe best execution. Investors need to distinguish the rights attached to a share from the pricing and order-handling protections of the venue and broker they use.