Search Results for keywords:"federal securities laws"

Found 2 results

Search Results: keywords:"federal securities laws"

View All
Oldest Newest
  • 2025-06563 — In the Matter of the Application of Green Impact Exchange, LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission
    💰
    Type:Notice
    Citation:90 FR 16207
    Reading Time:about 102 minutes

    The Securities and Exchange Commission (SEC) has granted Green Impact Exchange, LLC (GIX) approval to register as a national securities exchange. GIX will be responsible for its trading system's regulations and oversight, although some regulatory functions will be outsourced to the Financial Industry Regulatory Authority (FINRA) through a regulatory services agreement. The exchange will operate as an electronic trading platform without a physical trading floor, and its corporate governance and ownership structures align with industry standards to maintain independence and meet SEC requirements. Additionally, GIX plans to utilize technology provided by MEMX Technologies to facilitate trading operations while ensuring compliance with federal securities laws.

    Simple Explanation

    The SEC said it's okay for a new place called Green Impact Exchange to start trading stocks online, a bit like how kids swap toys, but with grown-up rules. They'll have robots (computers) to do the trading without needing a real-life store, and they'll follow special rules to make sure everything is fair.

  • 2024-28540 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To List and Trade Shares of the Hennessy Stance ESG ETF Under Nasdaq Rule 5750 (Proxy Portfolio Shares)
    💰
    Type:Notice
    Citation:89 FR 97151
    Reading Time:about 19 minutes

    The Nasdaq Stock Market LLC has submitted a proposed rule change to the Securities and Exchange Commission to list and trade the Hennessy Stance ESG ETF under Nasdaq Rule 5750. This ETF was previously traded on NYSE Arca and the change involves switching to Nasdaq's set of rules. The proposed change includes implementing surveillance and monitoring systems to ensure compliance with federal securities laws. The rule filing has been made effective immediately, as it does not significantly impact investor protection or competition.

    Simple Explanation

    Nasdaq wants to let people buy and sell a special type of stock, called an ETF, that focuses on being good for the environment and society. They will use new rules to make sure everything is fair and safe, and they've decided this change is okay right away.