Search Results for keywords:"fines"

Found 3 results

Search Results: keywords:"fines"

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  • 2024-28255 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing of Proposed Minor Rule Violation Plan
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    Type:Notice
    Citation:89 FR 95833
    Reading Time:about 6 minutes

    MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to create a Minor Rule Violation Plan (MRVP). This plan would allow certain minor rule violations to be punished with fines up to $2,500 and would not require immediate reporting to the SEC, as long as summary reports are sent quarterly. This proposal excludes some conduct policies and aims to make handling minor infractions more efficient. The public is invited to comment on the proposal, and the SEC will decide on its approval by December 24, 2024.

    Simple Explanation

    MIAX Emerald wants to have a new plan where small rule breakings get a small fine, like a parking ticket, without telling the big boss unless they happen a lot. But people are worried because it's not clear which rules are small or why some rules aren't included.

  • 2025-02496 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Order Granting Accelerated Approval of a Proposed Rule Change To Amend Exchange Rule 1014, Imposition of Fines for Minor Rule Violations
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    Type:Notice
    Citation:90 FR 9441
    Reading Time:about 17 minutes

    The Securities and Exchange Commission has approved a rule change proposed by MIAX Sapphire, LLC, concerning fines for minor rule violations on its Trading Floor. The amended rule, called Exchange Rule 1014, introduces new penalties for several types of minor infractions. The changes aim to prevent disruptive behaviors and ensure the smooth operation of the Trading Floor. These adjustments are in line with the rules of a similar exchange and are intended to help enforce compliance with established regulations while shielding investors and the public interest.

    Simple Explanation

    The government wants to ensure people follow the rules when trading, so they approved new fines for small mistakes on the Trading Floor to keep things running smoothly. This change is a bit like what a similar place has done, hoping these fines will make people follow the rules better.

  • 2025-02149 — Self-Regulatory Organizations; MIAX Emerald, LLC; Order Declaring Effective a Minor Rule Violation Plan
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    Type:Notice
    Citation:90 FR 8956
    Reading Time:about 6 minutes

    On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

    Simple Explanation

    MIAX Emerald, a company that helps people buy and sell stocks, wants to handle small mistakes with small fines without telling the big boss (SEC) right away. Instead, they'll tell the boss about these mistakes every few months.