Search Results for citation:"90 FR 7203"

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Search Results: citation:"90 FR 7203"

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  • 2025-01363 — ETF Opportunities Trust and Brookmont Capital Management, LLC
    Type:Notice
    Citation:90 FR 7203
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) announced that ETF Opportunities Trust and Brookmont Capital Management, LLC have applied for an exemption under the Investment Company Act of 1940. This exemption would allow them to make changes to subadvisory agreements without needing shareholder approval and to bypass certain disclosure rules about fees paid to subadvisors. The SEC will issue an order granting this request unless a hearing is requested by February 10, 2025. Interested individuals can request a hearing by contacting the SEC and providing proof of service to the applicants.

    Simple Explanation

    The SEC is thinking about letting two companies change certain money manager agreements and keep the fees they pay secret without asking for a vote from their owners. People can tell the SEC if they don't like this idea before February 10, 2025, but it's a bit complicated to do.

  • 2025-01292 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 703.12(II) of the NYSE Listed Company Manual To Expand the Circumstances Under Which Rights May Be Listed on the NYSE
    Type:Notice
    Citation:90 FR 7203
    Reading Time:about 2 minutes

    The New York Stock Exchange LLC (NYSE) had proposed a rule change to expand how rights could be listed on the exchange. This proposal would have allowed issuers to offer rights to more than just current shareholders and to list these rights before the related security was listed. Although the proposal went through various procedural stages with the Securities and Exchange Commission, including discussions and extensions, it was eventually withdrawn by the NYSE on December 17, 2024.

    Simple Explanation

    The New York Stock Exchange (NYSE) wanted to make a new rule to allow more ways to list certain types of stocks, but in the end, they decided not to go through with it. The document doesn't explain why they changed their minds, which might be confusing for some people reading it.