Latest News

In a letter filed today with the Securities and Exchange Commission, PTG expresses support for Nasdaq’s proposed rule change establishing a new continued listing requirement for companies whose market capitalization falls below $5 million. PTG agrees with Nasdaq’s view that such low valuations generally reflect more than temporary challenges and make continued listing on a national securities exchange inappropriate.

In the brief, filed today, PTG contends that the Securities and Exchange Commission’s (SEC) 2026 CAT funding order (the Order) should be set aside for three main reasons.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG submitted comments on MEMX LLC’s application for temporary exemptive relief from aspects of Rule 610(c) of Regulation NMS. While PTG does not endorse every part of MEMX’s application, it supports the general request to extend certain compliance dates.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG commends the SEC for suspending and instituting proceedings on Cboe’s proposed Rule 8.23, which is intended to clarify what constitutes prohibited order and quote activity; but expresses concern that the proposal, as drafted, fails to achieve that goal.