Search Results for citation:"90 FR 8073"

Nasdaq ISE, LLC, filed a proposed rule change with the Securities and Exchange Commission (SEC) on January 10, 2025, aiming to delay an amendment regarding Complex Order Risk Protections. This amendment involves orders that include at least one P.M.-settled leg and one A.M.-settled leg. The proposal is designated for immediate effectiveness, and the SEC is inviting public comments on whether the rule change aligns with the Securities Exchange Act of 1934. Interested parties can submit comments until February 13, 2025, and should reference file number SR-ISE-2025-04.

The Securities and Exchange Commission (SEC) has approved a new rule proposed by NYSE American LLC to strengthen its listing standards for companies that conduct reverse stock splits. According to the rule, a company will face immediate suspension and delisting if it has executed one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in the past two years, or if its reverse stock split makes it fall below existing listing requirements. The SEC believes this measure will help protect investors by ensuring that companies with financial difficulties do not unduly remain on the exchange by manipulating their stock prices through reverse stock splits. Companies affected by this rule still have the opportunity to challenge delisting decisions.