Search Results for keywords:"SEC regulations"

MIAX PEARL, LLC, filed a proposed rule change with the Securities and Exchange Commission (SEC) to temporarily extend the period during which certain individuals can function as principals without passing a qualification exam due to COVID-19 disruptions. This rule change would allow these individuals to serve in principal roles until April 30, 2021, instead of the usual 120-day period. The SEC agreed to waive the usual 30-day waiting period for such rule changes, allowing it to take effect immediately, as it helps members manage personnel challenges during the pandemic without significant impact on investor protection.

The Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its rules regarding broker-dealers who are subject to a statutory disqualification but wish to become or remain members of the Exchange. This amendment aims to clarify the process and align IEX's rules with those of other exchanges, such as Cboe and BOX, and with SEC regulations. The proposed rule would allow IEX to approve membership applications for the brokers while proceedings with other self-regulatory organizations are ongoing. This change seeks to avoid confusion among members and ensure the process is consistent and fair, protecting investors and the public interest.

The Securities and Exchange Commission (SEC) is requesting public comments on the necessity and efficiency of collecting information related to Rule 12g3-2 under the Securities Exchange Act. This rule provides an exemption for foreign private issuers, requiring them to provide information about their securities to the SEC, which is then made available to the public. The SEC estimates that about 1,386 respondents will file roughly 12 submissions each per year, resulting in a total of 16,632 responses. The public is invited to submit comments about this information collection within 60 days of the notice's publication.