Search Results for keywords:"Securities and Exchange Commission"

The New York Stock Exchange (NYSE) proposed changes to its fee structure for companies listing their securities, which was filed with the Securities and Exchange Commission. The initial listing fee for common shares is rising from $300,000 to $325,000, and specific annual fees per share are increasing slightly as well. Additionally, the NYSE plans to set a maximum annual fee of $100,000 for certain debt securities, citing efficiencies in managing multiple bond series from the same company. These adjustments reflect the NYSE's need to cover increased operational costs while maintaining competitive listing services.

The Securities and Exchange Commission (SEC) has published a notice about a rule change by the MIAX PEARL, LLC Exchange. This proposed change would allow the exchange to list and trade options on the Fidelity Ethereum Fund. These options let investors engage with Ethereum without directly buying the cryptocurrency. The proposal aims to offer another trading venue for these options to enhance market transparency and liquidity, in a manner similar to what is already available for options on ETFs tied to other commodities.

The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.

The Securities and Exchange Commission (SEC) has received a proposal from Cboe EDGX Exchange, Inc. to change its rules. This change would allow the exchange to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal outlines the procedures, position limits, and surveillance measures Cboe EDGX will implement to ensure fair and orderly trading of these options. The SEC is inviting public comments on the proposal, and it will become effective unless the SEC suspends it for further review.

MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission to change its fee schedule for trading equity securities on its exchange platform. The proposed changes aim to introduce several fees, including connectivity fees, port fees, technical support request fees, and historical market data fees. The exchange argues that these fees are necessary to recover some of the costs associated with providing and maintaining their trading infrastructure and to ensure fair and equitable access for all users. The SEC is seeking comments on this proposal from interested parties to ensure compliance with relevant regulatory standards.

Nasdaq ISE, LLC has proposed a change to how it collects the Options Regulatory Fee (ORF) starting January 1, 2025. The new approach will see ORF being applied to a broader range of transactions, excluding those by Market Makers, and at different rates for transactions happening on ISE versus other exchanges. These changes aim to better align the fees with regulatory costs and make the fee system fairer for different market participants. This proposal will automatically expire on July 1, 2025, returning to the previous ORF structure unless further action is taken.

The Miami International Securities Exchange, LLC has proposed changes to its fee schedule. These updates involve switching the email domain used for communication to @miaxglobal.com and removing all mentions of mini-options, a type of option that never became widely used and was previously removed from their offerings. The Securities and Exchange Commission (SEC) is reviewing these changes, which aim to make the fee schedule clearer and more accurate for members of the exchange. The SEC invites public comments on this proposal.

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to create a Minor Rule Violation Plan (MRVP). This plan would allow certain minor rule violations to be punished with fines up to $2,500 and would not require immediate reporting to the SEC, as long as summary reports are sent quarterly. This proposal excludes some conduct policies and aims to make handling minor infractions more efficient. The public is invited to comment on the proposal, and the SEC will decide on its approval by December 24, 2024.

The Securities and Exchange Commission (SEC) has issued a notice under the Paperwork Reduction Act of 1995, requesting an extension for the collection of information related to Rule 17a-8. This rule involves mergers of affiliated investment companies and requires specific procedures such as board approvals and evaluations for assets when merging with an unregistered entity. The average annual burden is estimated at 7 hours per fund, with a total annual cost for all funds estimated at $3,151,248. The public can submit comments on the usefulness and burden of this information collection until March 31, 2025.