Search Results for keywords:"Securities Exchange Act"

On January 24, 2025, the Cboe EDGX Exchange proposed a rule change to list options on the Fidelity Ethereum Fund, which was later amended and published on February 13, 2025. The Securities and Exchange Commission (SEC) did not receive any comments on the proposal. According to the Securities Exchange Act, the SEC has a set period to approve or disapprove such changes, which is normally 45 days. However, the SEC has decided to extend this timeframe to May 14, 2025, in order to allow more time to consider the proposal.

The New York Stock Exchange (NYSE) has extended its waiver from certain shareholder approval requirements for stock issuances until March 31, 2021, due to financial challenges posed by the COVID-19 pandemic. This waiver allows companies to raise funds through private placements without needing shareholder approval, as long as the transactions meet specific conditions such as minimum price requirements and independent audit committee approval. The NYSE's move aligns with similar rules already used by the NASDAQ, offering companies more flexibility during these difficult economic times. However, this waiver doesn't apply if the funds raised are intended for acquisitions.

Nasdaq BX, Inc. has proposed a rule change to introduce fees for its expanded co-location services. This proposal was filed with the Securities and Exchange Commission (SEC) on January 8, 2025, and is set to take immediate effect. The SEC is inviting public comments on whether this rule change aligns with the Securities Exchange Act. Those interested can submit their views online or via mail, ensuring they reference file number SR-BX-2025-003 in their correspondence.

The Securities and Exchange Commission (SEC) is requesting approval from the Office of Management and Budget (OMB) to extend the collection of information related to Rules 6a-1 and 6a-2, and Form 1 under the Securities Exchange Act. Rule 6a-1 requires national securities exchanges to file a Form 1 for initial registration or exemption based on limited trading volume. Rule 6a-2 mandates that registered or exempt exchanges update their Form 1 when there are significant changes or periodically, which incurs an annual burden of around 8,030 hours for all respondents. Public comments on this information collection request can be submitted by March 31, 2025, via the identified web address or email.

The Securities and Exchange Commission (SEC) has introduced Rule 17Ad-24, which exempts certain activities of registered security-based swap dealers, execution facilities, and individuals engaged in minimal dealing activity from being classified as a "clearing agency" under the Securities Exchange Act. This exemption aims to prevent unnecessary regulatory overlaps and burdens, ensuring that only activities posing significant risks are subjected to clearing agency requirements. By doing so, the SEC seeks to foster efficiency, competition, and capital formation in the security-based swap market without compromising investor protection and financial stability.

The Securities and Exchange Commission (SEC) is seeking comments on the information collection for Rule 19h-1 under the Securities Exchange Act. This rule involves the process self-regulatory organizations follow when allowing individuals with misconduct records to continue or join the securities business. Public feedback is invited on the need for this information, its utility, the accuracy of the estimated time burden, and suggestions to enhance the data collection process. Comments should be submitted within 60 days of the publication date, by May 5, 2025.

The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the ongoing collection of information under Rule 15c1-7, a provision of the Securities Exchange Act. This rule requires broker-dealers to keep records of transactions made with discretion over customer accounts to avoid fraudulent or deceptive practices. The SEC estimates the rule affects 362 broker-dealers, totaling around 400,000 transactions annually, with each record taking about five minutes to complete. Public comments on this request can be submitted through the website reginfo.gov or via email.

Nasdaq BX, Inc. has introduced a proposed rule change to establish fees for Industry Members to cover budgeted costs related to the Consolidated Audit Trail for 2025. This proposal has been filed with the Securities and Exchange Commission (SEC) and has been marked for immediate effectiveness. The SEC is seeking comments from the public on whether this change aligns with the Securities Exchange Act. Interested parties can submit their comments online or via mail by February 13, 2025.

The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by the Financial Industry Regulatory Authority (FINRA). This amendment requires FINRA members to file communications about private placement offerings that are shared with retail investors, not just the private placement memorandums or offering documents initially required. The SEC is inviting public comments to help decide whether this rule change should be approved or rejected, focusing on whether it will improve oversight of broker-dealer communications with the public. Interested individuals can submit their thoughts through specified online and paper methods by February 24, 2021.

Cboe C2 Exchange, Inc. applied for an exemption from certain rule filing requirements of the Securities Exchange Act, allowing them to incorporate rules from the Cboe Exchange, Inc. without filing separate changes. This would help maintain consistency between Cboe C2 rules and Cboe rules, ensuring that members trading on both exchanges follow the same standards. The Securities and Exchange Commission (SEC) granted this exemption, provided that Cboe C2 notifies its members about any changes to the Cboe rules. The SEC believes this approach will save time and resources and protect investors by avoiding conflicting regulations.