The Securities and Exchange Commission (SEC) has received a proposed rule change from Nasdaq MRX, LLC to introduce fees for Industry Members associated with the Consolidated Audit Trail (CAT) costs for 2025. This change is designed for immediate effectiveness, and the SEC is inviting public comments on whether the change aligns with the Securities Exchange Act. Comments can be submitted electronically or by mail until February 13, 2025. The proposal and supporting documents are available for public viewing on the SEC and Nasdaq websites.
Simple Explanation
In a new rule, Nasdaq MRX is going to charge companies fees to help pay for a special system that tracks all the trading happening in the stock market. People can tell the government what they think about this rule until February 13, 2025.