Search Results for keywords:"Investor Protection"

The Securities and Exchange Commission (SEC) is considering an amendment to the National Market System Plan concerning the Consolidated Audit Trail (CAT). This proposal, called the CAIS Amendment, aims to reduce the reporting of sensitive customer data in the CAT, such as names, addresses, and dates of birth, which would save approximately $12 million annually. The proposed changes focus on improving data security and lowering operating costs without affecting regulatory surveillance abilities. The SEC is seeking public comments on this proposed amendment to ensure it aligns with the goals of protecting investors and enhancing market efficiency.

The Nasdaq Stock Market LLC proposed new rules requiring additional criteria for companies primarily operating in regions where the Public Company Accounting Oversight Board (PCAOB) cannot inspect public accounting firms, referred to as "Restrictive Markets." These rules mandate that these companies meet minimum offering sizes or public float percentages to list on Nasdaq in connection with Initial Public Offerings (IPOs) or business combinations. The goal is to enhance investor protection by ensuring that enough shares are available to support stable trading and prevent fraudulent activities, particularly in markets with limited regulatory oversight. The proposed changes aim to ensure sufficient investor interest and market liquidity for companies from Restrictive Markets when listing on Nasdaq.