Search Results for keywords:"market oversight"

Nasdaq ISE, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to establish fees for Industry Members. These fees are associated with the costs linked to the Consolidated Audit Trail, a system in the National Market System Plan aimed at improving surveillance and market oversight for 2025. This proposal was submitted for immediate effectiveness, and the SEC invites the public to submit comments on whether they agree with this proposed rule change. All comments should be submitted by February 13, 2025, and should reference the file number SR-ISE-2025-01.

The Financial Industry Regulatory Authority, Inc. (FINRA) proposed a rule change to its compliance rules to align with an exemption granted by the Securities and Exchange Commission (SEC). This amendment focuses on allocation reporting requirements related to trading activities. Under the proposed changes, brokers who actually perform allocations will be responsible for reporting these activities to a central repository, rather than brokers who do not have this information. This change aims to reduce the reporting burden on brokers while still providing regulators with necessary information to oversee market trades. The amendment is intended to improve efficiency without imposing additional costs on industry members.