Green Impact Exchange, LLC (GIX) has filed an amended application with the Securities and Exchange Commission (SEC) to be registered as a national securities exchange. The SEC is inviting the public to comment on GIX's modified proposal, which includes eliminating certain governance standards and allowing companies listed on other exchanges to also list on GIX, provided they meet specific requirements. GIX has updated its application to provide information on its leadership and changed legal jurisdiction for its agreements from New Jersey to New York. The public has until March 27, 2025, to submit comments.
Simple Explanation
Green Impact Exchange wants permission from a big rule-maker group called the SEC to let people buy and sell stocks differently and wants to hear what everyone thinks about their new plan by March 27, 2025.