Search Results for citation:"90 FR 12195"

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Search Results: citation:"90 FR 12195"

  • Type:Notice
    Citation:90 FR 12195
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from several investment companies and entities for an order that would allow them to make certain joint investments that are usually not allowed under existing rules. The order would permit closed-end management investment companies and business development companies to work together on investments in portfolio companies. This application was submitted in July 2024 and has been revised multiple times, most recently on March 3, 2025. Interested individuals can request a hearing regarding this matter by contacting the SEC and the involved parties by April 7, 2025.

    Simple Explanation

    The SEC is thinking about letting some companies team up to invest together in things they normally couldn't, like people working together on a big project. They're deciding if this is okay, and people can tell the SEC if they have thoughts about it by April 7, 2025.

  • Type:Notice
    Citation:90 FR 12195
    Reading Time:about 3 minutes

    The Investors Exchange LLC (IEX) is proposing to change one of its rules, specifically IEX Rule 11.190. They want to stop using one of their two mathematical calculations, called CQI 1, which helps them predict changes in Protected Quotations. They have found that the other calculation, CQI 2, works better and is used more often, making the first one unnecessary. The Securities and Exchange Commission is inviting public comments on this proposed change until April 4, 2025.

    Simple Explanation

    IEX, a stock exchange, wants to stop using one of their math tricks for predicting changes in stock prices because they found a better one. They asked people to share their thoughts about this change until April 4, 2025.