Search Results for keywords:"Exchange Act"

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Search Results: keywords:"Exchange Act"

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  • 2025-03435 — Proposed Collection; Comment Request; Extension: Rules 400-404 of Regulation Crowdfunding (Funding Portals)
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    Type:Notice
    Citation:90 FR 11201
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) is asking for comments on the information they collect under certain crowdfunding rules. These rules require funding portals to submit various forms and documents for transparency, including registration forms, amendments, and records maintenance. The SEC estimates this process costs the industry about $618,293 yearly and takes around 36,315 hours. This request for public comments is part of an effort to renew approval for these procedures from the Office of Management and Budget.

    Simple Explanation

    The SEC is asking people to share their thoughts about rules for online sites that help people raise money. They want to make sure the rules are fair and not too hard to follow, and they want ideas on how to make things better.

  • 2024-30350 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change by MIAX Sapphire, LLC to Adopt Connectivity and Certain Port Fees for Members and Non-Members
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    Type:Notice
    Citation:89 FR 104254
    Reading Time:about 115 minutes

    The Securities and Exchange Commission (SEC) has announced a new rule proposal from MIAX Sapphire, LLC regarding fees for connectivity and port services. MIAX Sapphire plans to implement fees for network connections and ports, including a waiver period to incentivize participation, after which full fees will apply. The proposed fees aim to cover the costs of providing these services, with some services offered at a loss to attract market participants. The SEC is inviting public comments on these proposed changes.

    Simple Explanation

    MIAX Sapphire wants to start charging fees for using their computer networks, like the way roads have tolls, but they will let people try them for free for a little while to see if they like them. The SEC is asking everyone what they think about these new plans.