Type:Notice
Citation:90 FR 19013
Reading Time:about a minute or two
Cboe BYX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to modify Rule 11.24. This rule change aims to introduce an Enhanced Retail Price Improvement (RPI) Order and expand the RPI Program to include securities priced below $1.00. The SEC has decided to extend the period for review of this proposal to June 18, 2025, to allow more time to evaluate the changes and any issues they might raise. No public comments have been received on this proposal as of yet.
Simple Explanation
Cboe BYX Exchange wants to change the way they help people buy stocks cheap, even if they cost less than $1. The big decision-makers need more time to think about it, so they pushed their decision date to June 18, 2025.