The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its fee schedule for the "Consolidated Audit Trail Funding Fees," setting the new fee rate at $0.000022 per executed equivalent share. This change was filed under Section 19(b)(1) of the Securities Exchange Act of 1934, and the Exchange has designated the proposal for immediate effectiveness. The SEC is inviting comments from the public on this proposal. Comments can be submitted online or by mail, but they must refer to the specific file number SR-CboeBZX-2024-130 and be sent by January 27, 2025.
Simple Explanation
Cboe BZX Exchange wants to change a small fee they charge when people trade stocks so they can pay for something called the Consolidated Audit Trail, which helps keep stock trading safe and well-organized. They're asking people to tell them what they think about this plan, and anyone can send them comments until January 27, 2025.