The Nasdaq Stock Market LLC has proposed a rule change to allow hearings to be held via video conference under certain conditions. This change aims to make it easier and safer for participants when in-person hearings are impractical due to situations like health risks or unforeseen events. While in-person hearings will still be the default, video conferencing could be used if it helps ensure the safety and efficiency of the proceedings. This proposal seeks to modernize Nasdaq’s processes and align them more closely with similar rules by the Financial Industry Regulatory Authority (FINRA).
Simple Explanation
The Nasdaq wants to allow certain meetings to happen on video calls instead of in person if it's safer or more practical, like when people are sick or there's a big problem. This makes it easier for people to join without being there in person.