A regional stock exchange is a term used in the United States to describe stock exchanges that operate outside of the country's main financial center in New York City.
A regional stock exchange operates in the trading of listed and over-the-counter (OTC) equities under the SEC's Unlisted Trading Privileges (UTP) rule.
The New York Produce Exchange decided to stop trading in securities as well.
[1] In April 1941, eighteen regional stock exchanges received invitations to "parley" with the SEC on possible amendments[2] to the Securities Act to be presented to Congress that May.
The exchange representatives attended the conference on April 28, 1941 to discuss the issue.