The SEC Pulled the Plug on Stop-Loss Orders – What You Can Do About It

“The policy, subject to U.S. Securities and Exchange Commission (SEC) rule filings, goes into effect on Feb. 16, 2016, so there’s plenty of time to prepare. Besides, GTC orders usually expire in 90 days, anyway. And of course the brokerages will continue to offer these types of orders. They’ll simply trigger in-house and then be sent as limit or market orders for execution.  But it is a very big deal. Partly for its effect on investors – though I’m going to show you how to get around it – but even more so for what the NYSE and its regulator, the SEC, are telegraphing with this decision: That they’re essentially washing their hands of what’s about to happen.”

http://moneymorning.com/2015/12/04/the-truth-behind-the-nyses-decision-to-end-stop-orders/

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