The Securities and Exchange Commission (SEC) is reviewing a proposal from the New York Stock Exchange (NYSE) that would require companies to pay all outstanding fees before their compliance plans can be reviewed if they are below listing standards. If fees remain unpaid by a certain deadline, the NYSE could begin suspension and delisting procedures immediately. The SEC is concerned about whether this change is fair, promotes just and equitable trade principles, and protects investors. They are inviting comments from the public to help decide whether the rule should be approved.
Simple Explanation
The New York Stock Exchange (NYSE) wants to make a rule that if a company owes them money, they won't help the company fix their problems until they pay up, and if they don't pay soon, they could get kicked out. The SEC is asking people if they think this rule is fair and good for everyone.