NYSE American LLC has proposed changes to its fee structure for listing bonds and stocks. These changes involve increasing the annual fees for stock issues to cover rising service costs, introducing a flat fee for the original listing of bonds, and adopting a tiered annual fee for bonds based on the number of bonds listed. Additionally, a maximum cap on fees for bond issuers in a calendar year is proposed, all with the aim to align more closely with fees at the New York Stock Exchange (NYSE) and reflect the value provided to issuers. The Securities and Exchange Commission (SEC) is inviting public comments on these changes.
Simple Explanation
NYSE American is planning to change the fees companies have to pay to list their bonds and stocks, making them more like the fees at another big exchange. They want to make sure the fees cover their costs and are fair to everyone.