Search Results for keywords:"Securities Exchange Act of 1934"

The Securities and Exchange Commission (SEC) is seeking public comments on the information collection requirements set forth in Rule 6a-3 under the Securities Exchange Act of 1934. This rule mandates national securities exchanges to provide the SEC with certain information, such as reports and materials issued to exchange members. The SEC estimates that these exchanges collectively spend 156 hours annually fulfilling these requirements. Comments are welcomed on the necessity and usefulness of the rule, estimated burdens, and potential improvements, and must be submitted by February 18, 2025.

MIAX Sapphire, LLC, an exchange, filed a Minor Rule Violation Plan (MRVP) with the Securities and Exchange Commission. This plan allows the exchange to handle minor rule violations internally, imposing fines up to $2,500 without needing formal disciplinary proceedings, provided they report these violations to the Commission quarterly. The Commission approved this plan, stating it supports efficient enforcement while maintaining compliance with important regulations. The MRVP includes certain rule violations that don't warrant formal proceedings, giving MIAX Sapphire flexibility in its enforcement actions.

The Securities and Exchange Commission (SEC) has received a proposal from Cboe Exchange, Inc. to amend certain rules, allowing them to list and trade options on three Ethereum-based ETFs: the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal includes changes to rules about the criteria for underlying securities, as well as position and exercise limits for these options, which are based on the number of shares and trading volume. The goal is to provide investors with a new tool for managing risks associated with investments in Ethereum. The SEC is seeking public comments on this proposal to consider its compliance with the Securities Exchange Act of 1934.

The Securities and Exchange Commission (SEC) has adopted technical amendments to fix various errors in rules and forms under the Securities Act of 1933 and the Securities Exchange Act of 1934. These changes aim to correct typographical mistakes and outdated references in the existing regulations. The updated guidelines aim to ensure the accuracy and currency of legal references and cross-references in SEC regulations and forms. These amendments will take effect on February 18, 2025.

The Securities and Exchange Commission (SEC) has announced that the Cboe EDGX Exchange, Inc. has filed a proposed rule change. This change aims to align the exchange's rules for listing options with $1 strike prices with those of its affiliate, Cboe Exchange, Inc. The SEC has approved an immediate effect for this rule change, bypassing the usual 30-day waiting period, because it does not raise new regulatory concerns and helps ensure consistent rules across related exchanges. The public is invited to submit comments on this rule change by February 19, 2025.

The Financial Industry Regulatory Authority, Inc. (FINRA) has proposed a new rule to update fees under FINRA Rule 6897 related to the National Market System Plan's Consolidated Audit Trail for 2025. The updated fee, termed "CAT Fee 2025-1," will be $0.000022 per executed equivalent share. This fee adjustment aims to cover approximately half of the planned costs for 2025 and will replace the existing fee rate of $0.000035. The rule change is effective immediately and seeks public comments on its consistency with the Securities Exchange Act of 1934.

The Cboe C2 Exchange, Inc. has proposed a change to increase the monthly fee for 10 Gb physical connection ports from $7,500 to $8,500. This change is intended to help maintain and enhance their market technology and services and is still competitively priced compared to other exchanges. The proposed fee adjustment is justified by inflation and significant technological upgrades made by the Exchange since the current fee was set in 2018, which has improved the speed and capacity of their services. The proposal is filed under the regulations of the Securities Exchange Act of 1934, and public comments are invited on this change.

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 allowed the New York Stock Exchange (NYSE) to change a previous exemption that lets them trade debt securities on NYSE Bonds, even if these aren't registered under the Exchange Act. Previously, the issuer needed to have shares listed on the NYSE, but now these shares can be listed on any national securities exchange. This change aims to reduce regulatory differences and boost competition between exchange-traded and over-the-counter markets for these securities. The decision includes measures to safeguard investors, like ensuring continuous monitoring of the issuers' equity securities that allow their debt securities to trade on the NYSE.

The Cboe Exchange, Inc. has proposed a rule change to allow the listing and trading of index options with a smaller index multiplier of one, known as "micro-options." This change aims to make it easier for retail investors to access the market by providing lower-priced options, reflecting 1/100th of the value of current index options. The micro-options are designed to expand investor choices by allowing more precise hedging strategies, especially for smaller investments. The Securities and Exchange Commission (SEC) is inviting public comments on this proposal to evaluate its impact and ensure it aligns with the rules of the Securities Exchange Act of 1934.