Search Results for citation:"90 FR 15376"

Found 2 results

Search Results: citation:"90 FR 15376"

đź’° Only
Oldest Newest
  • 2025-06115 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Exchange Rule 2005, Error Accounts
    Type:Notice
    Citation:90 FR 15376
    Reading Time:about 12 minutes

    MIAX Sapphire, LLC submitted a proposed rule change to the Securities and Exchange Commission to amend and adopt certain rules regarding Floor Broker error accounts. The changes involve clarifying the definition of "Participant" in Exchange Rule 100 and adopting Exchange Rule 2005, which outlines how to handle errors in brokerage operations on the trading floor. The proposal seeks to improve transparency and ensure that any trade errors are corrected efficiently, promoting fair trading and protecting investors. The new rules aim to apply equally to all relevant brokers and align with practices at other exchanges.

    Simple Explanation

    MIAX Sapphire wants to fix trading mistakes by changing some rules so everyone plays by the same rules, making sure mistakes are corrected fairly and quickly, just like other trading places do.

  • 2025-06122 — Proposed Collection; Comment Request; Extension: Rule 204-3
    Type:Notice
    Citation:90 FR 15376
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the information collection process required by Rule 204-3 under the Investment Advisers Act of 1940, as part of extending the current information collection approval. This rule mandates that investment advisers deliver brochures and updates to clients to keep them informed about any significant changes. The SEC estimates that complying with this rule takes about 4.04 hours annually for each adviser, affecting around 15,464 advisers. Feedback is requested on whether this process is necessary, accurate, and allows for improving the information’s quality and reducing the burden on advisers, with comments due by June 9, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to hear from people about a rule that says financial advisers need to give their clients special booklets to keep them updated about important changes. They want help to make sure this rule is useful, not too hard to follow, and doesn’t take too much time.