Search Results for agency_names:"Investment Company Act Release No. 35487

The Department of Justice has announced a proposed Consent Decree in a lawsuit against White's Diesel Performance Inc. The company was accused of selling and installing illegal devices that bypass pollution control systems in violation of the Clean Air Act. Under the agreement, the defendants must stop these activities and pay a $10,000 fine due to their limited financial resources. The public can comment on this agreement for 30 days after the notice is published.

The Department of Justice has lodged a proposed Partial Consent Decree with the U.S. District Court for the District of Columbia concerning a lawsuit between the Government of Guam and the United States. In the lawsuit, Guam seeks to recover costs for environmental cleanup activities at the Ordot Dump Superfund Site under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). The proposed decree requires Guam to pay $3.9 million plus interest to resolve claims for costs incurred up to August 10, 2022, while claims for costs after that date remain unresolved. The public can comment on this proposed agreement within 30 days of the notice's publication.

The New York Stock Exchange (NYSE) submitted a proposed rule change to amend Section 907.00 of the NYSE Manual. This amendment aims to clarify the application of complimentary products and services offered to companies listed on the exchange, depending on their global market value. Companies that listed on or after January 11, 2021, will receive these services for 48 months, while those listed earlier will get them for 24 months. The change is primarily for clarification and transparency and does not impose any significant burden on competition or affect investor protection.

The Council on Environmental Quality (CEQ) is proposing updates to its regulations for the Freedom of Information Act (FOIA) and the Privacy Act. These changes aim to incorporate amendments from the FOIA Improvement Act of 2016, align with Department of Justice guidance, and improve public understanding and usability of the rules. Additionally, the updated rules are designed to better represent CEQ's current policies and practices, and include reorganizing and renaming sections for simplicity. Importantly, these proposals reflect CEQ's dedication to open information sharing while ensuring personal data is managed properly under the Privacy Act.

In the Federal Register, the Securities and Exchange Commission (SEC) announced it has no objections to the Fixed Income Clearing Corporation's (FICC) proposal to enhance its system for settling trades in U.S. Treasury securities. The proposal includes expanding FICC's central counterparty services to cover both the start and end of same-day repurchase agreements known as "repos," which aims to reduce settlement fails and improve efficiency. Additionally, FICC introduced a Pair-Off Service to help members settle their failed obligations more efficiently, minimizing market risks by allowing them to resolve these by the end of each day. The changes are expected to support financial stability by reducing systemic risks and promoting effective risk management.

The Securities and Exchange Commission (SEC) is considering a proposal by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index Fund. This fund aims to invest in a portfolio of digital assets like Bitcoin and Ethereum, tracking the Bitwise 10 Large Cap Crypto Index. The SEC is seeking public comments on whether the proposal is consistent with rules designed to prevent fraud and protect investors. Interested parties can submit their views electronically or by mail by March 28, 2025.

The Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to allow trading options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The proposal aims to modify existing rules to enable these options, offering investors the opportunity to explore Ethereum's price movements in a more regulated setting. These Ethereum-based ETFs will operate similarly to other commodity ETFs already trading on the exchange, like those based on Bitcoin. The SEC is seeking public comments on this proposal, particularly regarding its consistency with securities laws.

The Securities and Exchange Commission published a notice about a rule change proposed by the Investors Exchange LLC (IEX). IEX wants to establish rules for trading options on a new platform called IEX Options. This platform aims to enhance risk management for market makers by introducing features like automated trading, risk controls, and a mechanism to prevent trading at outdated prices. The SEC is inviting public comments on this proposal before making a final decision.

The Securities and Exchange Commission has approved the application of 24X National Exchange LLC to register as a national securities exchange. 24X plans to operate an automated trading platform for trading listed stocks during extended hours, including overnight sessions on weekdays. The exchange will be supported by technology from MEMX Technologies and will use FINRA for certain regulatory functions. To protect investors, 24X must join several national market system plans and implement enhancements like customer risk disclosures before commencing operations.

The Department of Labor's Office of Workers' Compensation Programs has issued a final rule regarding the Black Lung Benefits Act (BLBA) and the authorization of coal mine operators as self-insurers. This rule updates the process for operators to apply for self-insurance, sets new standards for the amount of security required to self-insure, and clarifies the appeals process. The rule aims to better secure the Trust Fund that pays benefits when operators default, by requiring all self-insured operators to provide security equal to 100% of their projected black lung liabilities. These changes are intended to protect the Trust Fund from financial strain caused by bankruptcies and reduce administrative burdens.