The Nasdaq Stock Market LLC proposed a rule change to set fees for Industry Members to cover costs related to the Consolidated Audit Trail (CAT) for 2025. This proposal, submitted to the Securities and Exchange Commission (SEC) on January 2, 2025, is designed to be effective immediately. The SEC is seeking public comments on this rule change, and submissions are requested by February 13, 2025. Interested individuals can access more details about the proposal on both Nasdaq's and the SEC's websites.
Simple Explanation
Nasdaq wants people to pay for something called the Consolidated Audit Trail, which is like a big digital notebook that tracks stock trades. They're telling everyone about how much these people need to pay in 2025, and they want to know what people think about this plan.