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The Securities and Exchange Commission (SEC) is reviewing and seeking public feedback on a proposed rule change by the New York Stock Exchange (NYSE). This proposal aims to amend Rule 7.35C to allow NYSE to facilitate a Trading Halt Auction if a security doesn't reopen by 3:30 p.m. after a market-wide circuit breaker halt, known as an "MWCB Halt." The proposal includes changes such as widening the price range for these reopening auctions and allowing certain market maker interests to remain active. The SEC is also considering whether these changes meet the legal standards to ensure fair and orderly markets and is inviting comments from the public by March 10, 2021.

The Treasury Department and IRS have issued final regulations that update the rules for classifying transactions involving digital content and cloud services. These updates help clarify how transactions like software downloads and streaming services are taxed, especially in international contexts. The new rules replace the previous "de minimis" standard with a "predominant character" rule to simplify determining the main purpose of such transactions. Examples in the regulations provide further guidance, and while the new rules are effective for tax years starting on or after January 14, 2025, businesses can also choose to apply them to earlier years.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to update its complex order functionality to match that of ISE and MRX, focusing on technology enhancements for better performance and scalability. The proposed updates include adopting the same Legging Order and Complex Order functionalities and new risk protections, aligning rules across the different exchanges to offer a unified experience to market participants. The proposal also includes updates to definitions and order types for complex strategies and aims to limit potential disruptions during times of extreme market volatility, ensuring fair and orderly trading markets.

The Environmental Protection Agency (EPA) has issued a final rule extending the effective removal date of the 1-psi gasoline volatility waiver for Ohio and nine counties in South Dakota by one year, from April 28, 2025, to April 28, 2026. This decision comes in response to petitions from the governors of Ohio and South Dakota citing concerns over insufficient gasoline supply without the extension. Factors influencing this decision include infrastructure challenges in Ohio and a recent explosion at a key refinery in Wyoming affecting supply to South Dakota. The EPA's action ensures that gasoline remains available during the summer of 2025 while necessary adjustments are made.

The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Franklin Solana ETF. This ETF will allow investors to invest in Solana, a type of digital cryptocurrency, on a regulated exchange. The proposal argues that the Solana market is large and diverse enough to prevent price manipulation, similar to how Bitcoin and Ether have been treated. The ETF aims to provide a safer, more transparent option for investors interested in Solana, reducing risks associated with price volatility and high management fees found in less regulated markets.

The National Highway Traffic Safety Administration (NHTSA) has issued a final rule to modify event data recorders (EDRs) requirements. The rule changes the duration and frequency at which EDRs record pre-crash data from 5 seconds at 2 Hz to 20 seconds at 10 Hz. These changes, effective by September 2027 for most manufacturers, aim to provide investigators with better data to understand vehicle crashes. The rule responds to a mandate by the Fixing America's Surface Transportation (FAST) Act and includes allowances for small-volume and limited-line manufacturers to comply by later dates.

The Social Security Administration has issued a final rule, effective March 3, 2025, to streamline the administration of benefits by using electronic payroll data. This rule allows standardized exchanges of wage and employment information with payroll providers, aiding in the management of Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs. It aims to improve accuracy, reduce improper payments, and lessen the burden on both program beneficiaries and administration staff. Public comments have been considered, and the rule includes provisions for phased implementation, privacy, data accuracy, and addressing concerns regarding identity theft and reporting requirements.

The Bureau of Indian Affairs published a notice about changes to the Liquor Ordinance for the Blackfeet Tribe on the Blackfeet Indian Reservation in Montana. The amendment, effective January 21, 2025, updates regulations on the sale and control of alcoholic beverages. It aims to manage the sale of liquor to ensure public welfare and safety, with restrictions on who can sell alcohol and strict rules about when and where it can be sold. The ordinance also establishes penalties for violations and outlines conditions under which alcoholic beverage licenses can be granted or revoked.

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 Investors Exchange LLC (IEX) has proposed a new rule to create an options trading facility called "IEX Options." This facility will be a fully automated system designed to trade options contracts, similar to other options exchanges. The plan includes implementing guidelines to protect Market Makers from risks, like the execution of outdated quotes, and to ensure fair trading practices. IEX will also adopt certain rules from other exchanges to maintain fairness and efficiency in the options market. The Securities and Exchange Commission is inviting public feedback on this proposal.