Search Results for keywords:"Securities and Exchange Commission"

The Securities and Exchange Commission (SEC) announced that NYSE National, Inc. filed a proposed rule change to establish fees for industry members in 2025. This change is related to the costs of the National Market System Plan for the Consolidated Audit Trail (CAT) and involves setting a fee of $0.000022 per executed share, known as CAT Fee 2025-1. The fee is expected to be in effect for six months and aims to cover about half of the anticipated CAT costs for 2025. Public comments on this proposal are invited and should be submitted by January 31, 2025.

The Securities and Exchange Commission (SEC) has scheduled a closed meeting at 2:00 p.m. on January 13, 2021. This meeting will be conducted remotely or at the SEC's headquarters in Washington, D.C. Only Commissioners, their legal counsel, and certain staff members will attend. The meeting will discuss legal matters such as the start and settlement of legal actions and enforcement proceedings. For more information, Vanessa A. Countryman can be contacted.

The Securities and Exchange Commission (SEC) has approved a proposal by the Options Clearing Corporation (OCC) to implement a new margin add-on charge aimed at reducing risks from short-dated options trading and intraday activities. This charge will be applied to all clearing member accounts to ensure sufficient financial resources are available to cover credit exposure. The decision comes as a response to the significant increase in trading volume and the associated risks that were not fully addressed under the previous margin system. Despite some industry concerns about potential impacts on competition, the SEC determined that the changes are necessary to safeguard securities and funds while ensuring fair competition.

The Nasdaq Stock Market LLC submitted a proposal to the Securities and Exchange Commission (SEC) to update certain details regarding the Valkyrie Bitcoin Fund. These updates include changes to the fund's service providers, custodians, order cutoff times, website, alternative benchmark, and the names associated with the Trust and its trustee. The proposed changes were made effective immediately upon filing, as they do not significantly affect investors or public interest and do not introduce new regulatory concerns. The SEC is inviting public comments on this proposal until March 21, 2025.

MEMX LLC has proposed changes to its fee schedule, which were filed with the Securities and Exchange Commission (SEC). The changes include increasing rebates for certain orders that add liquidity and increasing fees for orders that remove liquidity. The aim is to attract more orders to the MEMX exchange by offering competitive pricing. This proposal is publicly available for comments, allowing interested parties to share their views on the changes.

MIAX Sapphire, LLC has proposed a new rule to the Securities and Exchange Commission (SEC) that involves changes to its Fee Schedule. The proposal would set a fee for market participants who want to use a dedicated cross connection to access MIAX Sapphire's testing systems environment. This proposal has been categorized for immediate effectiveness, and the SEC is seeking public comments on it until April 8, 2025. Interested individuals can submit their comments electronically or through mail to ensure they are considered by the SEC.

The Securities and Exchange Commission (SEC) is seeking an extension from the Office of Management and Budget (OMB) for an information collection authorization under the Paperwork Reduction Act. This involves Rule 18f-3 related to funds that offer multiple share classes, which requires these funds to have a plan explaining their arrangement and expenses. The SEC estimates around 2,970 hours annually will be needed for compliance across registrants. Public comments on the matter can be submitted within 30 days of the notice.

In an order by the Securities and Exchange Commission (SEC), exemptive relief is granted from certain reporting requirements related to the Consolidated Audit Trail (CAT). This ruling allows national securities exchanges and associations to stop collecting sensitive personal information like names, addresses, and years of birth from customers using transformed Social Security Numbers (SSNs) or Tax Identification Numbers (ITINs). Instead, the focus is on using a system that uniquely identifies customers without storing sensitive data, aiming to balance regulatory needs and personal data security. Broker-dealers will still manage and transform these identifiers, while regulators can request specific information directly when needed.

On July 17, 2020, the Cboe BYX Exchange proposed a new rule to introduce periodic auctions for trading U.S. equity securities. This proposal was filed with the Securities and Exchange Commission (SEC) and was published for public comment in August 2020. After receiving comments and amending the proposal twice, the SEC is now considering whether to approve or disapprove it. The decision deadline has been extended to April 1, 2021, to allow the SEC more time for evaluation.

The Cboe C2 Exchange, Inc. has proposed a change to increase the monthly fee for 10 Gb physical connection ports from $7,500 to $8,500. This change is intended to help maintain and enhance their market technology and services and is still competitively priced compared to other exchanges. The proposed fee adjustment is justified by inflation and significant technological upgrades made by the Exchange since the current fee was set in 2018, which has improved the speed and capacity of their services. The proposal is filed under the regulations of the Securities Exchange Act of 1934, and public comments are invited on this change.