Search Results for keywords:"SEC rule change"

Nasdaq PHLX LLC, an exchange, submitted a rule change to the Securities and Exchange Commission (SEC) to amend its pricing schedule for certain options. The changes involve updating the criteria for Qualified Contingent Cross (QCC) rebates and enhancing the Floor Broker Incentive Program by expanding volume criteria and rebate tiers. The rule is designed to take effect immediately, and the SEC is seeking public comments on whether these changes comply with the Securities Exchange Act of 1934. The public can submit feedback through the SEC's website or via email until April 7, 2025.

The Financial Industry Regulatory Authority, Inc. (FINRA) submitted a proposed rule change to the Securities and Exchange Commission (SEC) on December 20, 2024. This proposal aims to update FINRA Rule 6897(b) to include a new cost recovery fee for the Consolidated Audit Trail (CAT), covering the year 2025. The primary goal of this fee is to allow FINRA to recover a portion of the costs associated with the National Market System Plan governing the CAT. The SEC invites public comments on the rule change and has provided various methods for submission, including online and mail, with a deadline for comments set for January 27, 2025.

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC proposed a rule change to allow listing options on several Ethereum-related funds and trusts, including the iShares Ethereum Trust and the Fidelity Ethereum Fund, among others. The change aims to set position and exercise limits at 25,000 contracts for these options, aligning them with similar limits already in place on other exchanges. This proposal is considered non-controversial and aims to enhance trading fairness and protect investors, while not burdening market competition. The SEC seeks public comments and may permit the plan to take effect immediately to ensure consistency in trading limits across various platforms.

The Securities and Exchange Commission (SEC) has approved a rule change by the New York Stock Exchange (NYSE) that restricts certain companies from using reverse stock splits to continue being listed on the exchange. This new rule targets companies that repeatedly use reverse stock splits, especially if they have done so in the past year or have a significant reverse split history in the last two years. The SEC believes this rule will help protect investors by ensuring that companies listed on the exchange are financially stable and suitable for continuing public trading. Companies can still appeal if they are delisted due to these new rules.

Cboe Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) on February 13, 2025. This change aims to amend its fee schedule by introducing fees for Cboe Timestamping Service reports. The proposal has been designated for immediate effectiveness and the SEC is inviting the public to comment on whether this change aligns with the applicable laws. Comments can be submitted electronically or by mail, and all feedback will be publicly posted on the SEC’s website until March 18, 2025.

The Securities and Exchange Commission (SEC) released a notice about a rule change filed by MIAX Sapphire, LLC, aiming to allow the listing and trading of options on Bitcoin-related exchange-traded products (ETPs), such as the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This move is seen as beneficial for investors by providing a lower-cost way to manage risk associated with Bitcoin. The proposal establishes a limit of 25,000 contracts for options to prevent market manipulation and ensure investor protection. Options on these Bitcoin Funds will only be available once proper systems are in place to monitor and manage the trading activity.