The Securities and Exchange Commission announced that the Financial Industry Regulatory Authority and the US national securities exchanges had filed a proposal to widen minimum quoting and trading increments for certain stocks with smaller capitalization to assess whether such changes might enhance their market quality. The pilot program will last 12 months after which time FINRA and the exchanges will assess the impact of the changes and provide the assessment to the SEC. (For more details regarding this pilot program, click here to see the article “SEC Announces Pilot Program to Widen Tick Sizes for Smaller Companies” in the August 29, 2014 edition of Katten Muchin Rosenman LLP’s Corporate and Financial Weekly Digest.)