Search Results for citation:"90 FR 9450"

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Search Results: citation:"90 FR 9450"

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  • 2025-02490 — SEG Partners Long/Short Equity Fund and Select Equity Group, L.P.
    Type:Notice
    Citation:90 FR 9450
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has released a notice regarding an application from SEG Partners Long/Short Equity Fund and Select Equity Group, L.P. These companies are seeking an exemption to allow them to issue multiple classes of shares, and to charge early withdrawal fees as well as asset-based distribution and service fees. The application was filed on January 6, 2025, and a decision granting this request will be made unless a hearing is requested by interested parties. The deadline for hearing requests is March 3, 2025, and more information can be found on the SEC's website.

    Simple Explanation

    The big people at the SEC are thinking about letting some companies try something new with their money rules, like having different kinds of stocks and charging fees if people take their money out early. If nobody asks for a big meeting to talk about it by March 3, 2025, they might say yes to this idea.

  • 2025-02498 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-NASDAQ-2024-078
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    Type:Notice
    Citation:90 FR 9450
    Reading Time:about 3 minutes

    The Nasdaq Stock Market LLC has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology. Initially set to start earlier, the new ORF will now be implemented on June 1, 2025, and will end on December 1, 2025. Additionally, Nasdaq plans to revert the ORF to the rate of $0.0016 per contract side, effective March 1, 2025. The Securities and Exchange Commission is inviting public comments on this proposed rule change until March 5, 2025.

    Simple Explanation

    Nasdaq is changing a fee they charge for trading options, and they decided to wait a little longer before starting the new changes. They want to hear what people think about this change until early March.