19c3 stock

19c3 stock

A stock listed on a national securities exchange after April 26, 1979, that is exempt from the Securities and Exchange Commission rule that prohibits exchange members from participating in off-board trading.

19c-3 Stock

A stock listed on a given exchange that may be traded off the physical confines of the exchange. These stocks are eligible for over-the-counter trading. All stocks listed after April 26, 1979 are 19c-3 stocks. The name refers to SEC rule 19c-3, which permitted these transactions. The rule was adopted as part of a move toward an experimental National Market System.