Search Results for keywords:"Securities and Exchange Commission"

The Securities and Exchange Commission (SEC) is evaluating changes proposed by the Financial Industry Regulatory Authority (FINRA) to the arbitration process they use to settle disputes. FINRA wants to modify the rules to improve how arbitrators are selected and address issues like list selection, requests for more information, and removal of arbitrators. This includes giving non-chair-qualified public arbitrators a better chance to be selected, setting clear deadlines for requests related to arbitrators, and updating outdated references in their rules. The SEC is seeking public comments to decide whether to approve or disapprove these changes by April 2025.

NYSE Arca, Inc. proposed a new pricing tier called Tape B Tier 3, which aims to encourage more liquidity-providing orders in certain securities on its platform. This proposal offers incentives to ETP Holders affiliated with market maker accounts participating in NYSE Arca Options, allowing them to qualify for credits based on their trading activity. The proposal also includes non-substantive changes to simplify language in the fee schedule. This move is part of NYSE Arca's strategy to increase competitiveness and attract more order flow by offering financial incentives.

The Securities and Exchange Commission (SEC) has received an application from DTCC Data Repository (U.S.) LLC (DDR) to be registered as a Security-Based Swap Data Repository (SDR) and a Securities Information Processor (SIP). DDR intends to handle data for transactions involving equity, credit, and interest rate derivatives. The SEC is seeking public comments on this application to help decide whether to approve it. The application outlines how DDR plans to manage its operations, ensure security, and handle compliance with legal requirements.

The Financial Industry Regulatory Authority (FINRA) submitted a proposed rule change to update the Private Placement Filer Form, which members use for private placement filings under FINRA Rules 5122 and 5123. The proposed changes aim to enhance the quality and clarity of information collected, helping FINRA better understand risks in private placements, like contingency offerings and disciplinary histories. The changes include the addition of new questions and updates to existing ones, with a focus on improving efficiency and reducing follow-up inquiries. These changes are filed for immediate effectiveness, with an anticipated implementation date of May 22, 2021.

The Securities and Exchange Commission (SEC) has requested the Office of Management and Budget (OMB) to approve an extension of the existing data collection required under Rule 15c2-8. This rule mandates that broker-dealers deliver prospectuses to certain individuals during securities offerings, including initial public offerings (IPOs), with a specific "48-hour rule" for IPOs. Broker-dealers must also maintain accurate records to identify those requesting prospectuses. The SEC estimates significant time and cost burdens for compliance, and a 30-day public comment period for this request is open until January 2, 2025.

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. This change aims to modify the rebates for transactions involving securities priced at $1.00 or more per share that add liquidity to the exchange. The proposal was filed on February 28, 2025, and LTSE intends for the amendments to take effect immediately as of March 3, 2025. The SEC is seeking comments from the public regarding this change and has provided instructions for submitting feedback.

The NYSE National, Inc. has proposed a rule change to update its Schedule of Fees and Rebates to encourage more liquidity-providing and liquidity-removing orders to its exchange. The proposal introduces alternative qualification criteria for adding and removing tiers, aiming to incentivize ETP Holders with better execution opportunities. The changes reflect the competitive nature of the equity trading market where participants can select from multiple exchanges. No significant issues are expected for ETP Holders complying with the proposed adjustments, which are intended for implementation from February 1, 2021.

The Cboe EDGX Exchange, Inc. proposed a rule change to update its fee schedule by removing certain routing fee codes (8, K, and MX) due to minimal usage. This change means these orders will now fall under the standard routing fees, making the system more efficient. The exchange operates in a competitive market where participants can choose other venues if they find fee levels too high. The proposed change aims to promote competition without imposing unfair burdens on any members.

The Securities and Exchange Commission has received a proposed rule change filing from Cboe EDGA Exchange, Inc. The proposal, submitted on December 20, 2024, suggests updating the fee schedule associated with the "Consolidated Audit Trail Funding Fees" to a rate of $0.000022 per executed equivalent share. Interested parties are encouraged to submit their comments through the SEC's online platform or by mail, with all submissions due by January 27, 2025. The proposal is under the immediate effectiveness category pursuant to certain sections of the Securities Exchange Act of 1934.

The Securities and Exchange Commission (SEC) has received a proposal from The Nasdaq Stock Market LLC to list and trade shares of the Canary HBAR ETF under its Commodity-Based Trust Shares rules. The ETF is designed to track the performance of the HBAR cryptocurrency, a native asset of the Hedera Network, through a trust that holds only HBAR and cash. Canary Capital Group LLC sponsors the trust, and the ETF aims to offer exposure to HBAR by following the CoinDesk Hedera USD CCIX 30min NY Rate for pricing. The SEC is seeking public comments on this proposal to evaluate whether it complies with federal regulations and effectively prevents fraud and manipulation.