[Federal Register Volume 77, Number 249 (Friday, December 28, 2012)]
[Page 76572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-31162]



[Release No. 34-68510; File No. 4-657]

Decimalization Roundtable

AGENCY: Securities and Exchange Commission.

ACTION: Notice of roundtable discussion; request for comment.


SUMMARY: The staff of the Securities and Exchange Commission will host 
a one day roundtable to discuss the impact of tick sizes on small and 
mid-sized companies, market professionals, investors, and U.S. 
securities markets.
    The roundtable discussion will be held in Room L-006 (the multi-
purpose room) of the Securities and Exchange Commission headquarters at 
100 F Street NE., in Washington, DC. The public is invited to observe 
the roundtable discussion. Seating will be available on a first-come, 
first-served basis. The roundtable discussion also will be available 
via webcast on the Commission's Web site at www.sec.gov.

DATES: The roundtable discussion will take place on February 5, 2013 
from 10:00 a.m. to approximately 4:00 p.m.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/other.shtml); or
     Send an email to [email protected]. Please include 
File Number 4-657 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number 4-657. This file number 
should be included on the subject line if email is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/rules/other.shtml). Comments are 
also available for Web site viewing and printing in the Commission's 
Public Reference Room, 100 F Street NE., Washington, DC 20549, on 
official business days between the hours of 10:00 a.m. and 3:00 p.m. 
All comments received will be posted without change; we do not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Ilya Fradkin, Attorney Advisor, at 
(202) 551-5783, Division of Trading and Markets, Securities and 
Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: The roundtable will consist of three panels. 
The participants in the first panel will address the impact of tick 
sizes on small and middle capitalization companies, the economic 
consequences (including the costs and benefits) of increasing or 
decreasing minimum tick sizes, and whether other policy alternatives 
might better address the concerns animating Section 106(b) of the JOBS 
Act. The participants in the second panel will address the impact of 
tick sizes on the securities market in general, including what benefits 
may have been achieved, and what, if any, negative effects have 
resulted. The participants in the third panel will address potential 
methods for analysis of the issues, including whether and how to 
conduct a pilot for alternative minimum tick sizes.

    By the Commission.

    Dated: December 21, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-31162 Filed 12-27-12; 8:45 am]