Penny Stocks Get Price Boost in Exchange Rule Overhaul
Published Date: 9/5/2025
Notice
Summary
The Cboe BYX Exchange wants to improve its Retail Price Improvement program by adding a cooler, enhanced order type and including stocks priced under $1. The SEC is taking extra time to decide if this change is a go or no-go. This affects traders and investors who could see better prices and more options soon, but the final green light is still pending.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Proposed Enhanced RPI Order; penny stocks added
Cboe BYX proposed changing Rule 11.24 to add an "Enhanced RPI Order" and to let its Retail Price Improvement (RPI) program include securities priced below $1.00. The SEC has extended its review and will decide by November 15, 2025 whether to approve or disapprove the proposed change.
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