Search Results for keywords:"Securities Exchange Act"

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Search Results: keywords:"Securities Exchange Act"

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  • 2025-00531 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Permit FLEX Trading in the iShares Bitcoin Trust ETF
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    Type:Notice
    Citation:90 FR 3266
    Reading Time:about 25 minutes

    The Securities and Exchange Commission has received a proposal from Nasdaq PHLX LLC to allow FLEX Trading in options for the iShares Bitcoin Trust ETF (IBIT). This would enable these options to trade as both cash-settled and physically settled, with a consolidated limit of 25,000 contracts, which aims to prevent market manipulation and protect investors. The proposal is intended to broaden the range of available trading products and better manage investment risks in bitcoin-related products. Public comments are invited on whether this proposal aligns with the Securities Exchange Act's standards.

    Simple Explanation

    The SEC is looking at a plan from a company called Nasdaq PHLX to let people trade special options on a fund related to Bitcoin. These options would help investors make better choices and keep things fair, with some rules in place to stop any tricks and protect everyone investing.

  • 2020-28194 — Exemption From the Definition of “Clearing Agency” for Certain Activities of Security-Based Swap Dealers and Security-Based Swap Execution Facilities
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    Type:Rule
    Citation:86 FR 7637
    Reading Time:about 41 minutes

    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.

    Simple Explanation

    The SEC made a new rule that says some people who trade special kinds of financial products, called security-based swaps, don't have to follow extra complicated rules if they don't do a lot of trading. This way, they can save time and money while still keeping things safe and fair.

  • 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.