Tokenized stocks eligible for the SEC’s September exemption must carry equivalent shareholder rights to traditional stock, yet their trading venues can operate outside key Regulation NMS protections. Douro Labs requested on October 9 that SEC staff establish provider-neutral principles to assess external price feeds used for dollar conversion. FINRA-member brokers retain their best-execution duties for covered customer transactions, independent of the venue’s exemption. Investors must examine both the rights attached to the share and the terms on which their order is priced and handled.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
