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

The Securities and Exchange Commission issued a temporary order and notice regarding an application from The Toronto-Dominion Bank and others for exemption from certain provisions of the Investment Company Act due to guilty pleas by TD Bank US Holding Company and TD Bank, N.A., related to anti-money laundering failures. The application seeks to exempt Epoch Investment Partners and other affiliated entities from disqualification rules that would negatively impact their ability to provide investment services to funds. The applicants argue that the misconduct was limited to certain entities and didn't involve Epoch, and they have taken steps to improve compliance practices. The temporary order allows them to continue services until a decision on a permanent order is made.

On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

The Securities and Exchange Commission is considering a proposal by The Nasdaq Stock Market LLC to list and trade shares of the CoinShares XRP ETF under Nasdaq Rule 5711(d). This proposed rule change would allow the exchange to offer a new exchange-traded fund (ETF) that is designed to track the performance of the digital asset XRP. The ETF aims to provide investors an easy and cost-effective way to gain exposure to XRP without directly investing in the cryptocurrency itself. The SEC is seeking public comments on whether this proposal aligns with the rules and regulations set out by the Securities Exchange Act of 1934.

The Federal Trade Commission (FTC) has reached a proposed consent agreement with Tapjoy, Inc. to resolve allegations of deceitful practices in its mobile gaming advertising platform. The FTC claims Tapjoy misled consumers by promoting false offers of in-app rewards that were often not delivered, causing harm to both gamers and game developers. The proposed order requires Tapjoy to prevent such deceptive practices by ensuring accurate reward representations and providing a clear method for consumers to report issues. The Commission has invited public comments on this proposal until February 12, 2021.

The Nasdaq Stock Market LLC has proposed a rule change that aims to modify the initial listing liquidity requirements for companies listing on the Nasdaq Global Market or Nasdaq Capital Market, particularly those undergoing an initial public offering (IPO). This change will require companies to meet the minimum Market Value of Unrestricted Publicly Held Shares (MVUPHS) solely from IPO proceeds, excluding resale shares. The proposal is intended to ensure adequate liquidity and reduce volatile trading on the listing date, aligning with the Securities Exchange Commission's objectives to protect investors and maintain orderly markets. Public comments are invited on the proposed rule changes by January 21, 2025.

The Department of Justice has proposed a consent decree related to a lawsuit filed against the Wisconsin Public Service Corporation under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). The lawsuit seeks reimbursement for costs the U.S. government incurred due to hazardous substance releases at a site in Manitowoc, Wisconsin. Through this agreement, the United States will not take further legal action against the company under certain environmental laws. The public has 30 days to submit comments regarding this decree and can request a public meeting in the affected area.

The National Endowment for the Arts (NEA) has issued a notice about its systems of records, as required by the Privacy Act of 1974. This update outlines changes in record systems and introduces new routine uses for the stored data, aiming to ensure that individuals can request information with accuracy and precision. The document also details various systems related to grants, personnel, finances, and complaint case files, specifying how these records are stored, accessed, and maintained. The changes reflect the adoption of electronic technology and administrative updates within the agency.

The Department of Defense has issued a notice about a proposed arms sale to Finland, detailing the transaction's unclassified aspects. The sale includes advanced rocket systems and associated support services valued at $91.2 million, aimed at modernizing Finland's armed forces and enhancing its defense capabilities. Lockheed Martin Corporation is the primary contractor, and the sale aligns with U.S. foreign policy by supporting a key partner in Europe. The transaction will not negatively impact U.S. defense readiness and is expected to bolster Finland's security without altering the regional military balance.

Nasdaq has filed a proposal with the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Polkadot Trust under Nasdaq Rule 5711(d), which deals with Commodity-Based Trust Shares. The trust aims to track the performance of Polkadot (DOT) without directly holding the cryptocurrency, allowing investors to access the market indirectly through traditional brokerage accounts. As part of its investment strategy, the trust will not use leverage or derivatives and will be managed by 21Shares US LLC. The SEC is seeking comments from the public on this proposed rule change, which must be approved to ensure it aligns with regulations designed to protect investors and prevent fraudulent activities.

Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.