Search Results for keywords:"investor protection"

The Cboe EDGX Exchange, Inc. has proposed changes to its fee schedule that affect the criteria for Remove Volume Tier 2 and Retail Volume Tier 1, which was filed with the Securities and Exchange Commission (SEC) on March 7, 2025. The proposal is effective immediately, and the SEC is seeking public comments on whether the changes align with existing regulations. Interested individuals can submit comments through the SEC's website or email by April 7, 2025. The key focus is on ensuring that these changes continue to support investor protection and market efficiency.

The Miami International Securities Exchange (MIAX) has proposed changes to their rules to permit the listing and trading of options on the Fidelity Ethereum Fund. These options aim to provide investors with new opportunities to interact with the cryptocurrency market, particularly Ethereum, in a more transparent and regulated environment rather than the over-the-counter market. To ensure investor protection and market integrity, the proposal also covers specific listing standards and includes position and exercise limits for these options. The Securities and Exchange Commission (SEC) has waived the 30-day waiting period, allowing the proposal to become immediately effective.

The Securities and Exchange Commission (SEC) received a proposed rule change from the Cboe EDGX Exchange, Inc., which the Exchange has already deemed non-controversial. The proposal aims to allow listing options on the iShares Ethereum Trust, enabling investors to trade these options in a more regulated environment compared to over-the-counter exchanges. The proposal outlines how these options will be managed and supervised, ensuring that they adhere to existing trading rules and limits. Overall, this move is seen as beneficial for investors, providing more opportunities to trade Ethereum-related options while ensuring market transparency and oversight.

The Securities and Exchange Commission is considering a proposal from Cboe BZX Exchange to list and trade shares of the Bitwise Solana ETF, which would track the performance of SOL, a digital asset on the Solana Network. This proposal argues that the ETF would provide a transparent and regulated way for U.S. investors to access SOL, potentially reducing risks and costs associated with alternative investments. Bitwise believes that the decentralized and global nature of SOL trading makes it difficult to manipulate, addressing past SEC concerns about market manipulation. The SEC seeks public comments on this proposal before making a decision on its approval.

The Securities and Exchange Commission has approved a rule change proposed by The Nasdaq Stock Market LLC. This change allows special purpose acquisition companies (SPACs) to be excluded from the requirement that at least 50% of a company's round lot holders must each hold unrestricted securities valued at a minimum of $2,500 at the time of the company's initial listing. Nasdaq believes that this rule is not necessary for SPACs, as their structure and investor base differ significantly from typical operating companies. The approval aims to align Nasdaq's standards more closely with those of other exchanges while ensuring investor protection and market liquidity.

The Securities and Exchange Commission (SEC) has granted a temporary extension for certain companies that operate in the securities market. This extension allows them to bypass a specific requirement related to tracking and linking customer orders and representative orders in cases where their systems aren't directly connected. The SEC supports this extension to give companies more time to find long-term solutions and maintain market stability. This decision is made in the interest of protecting investors and ensuring the market remains organized and efficient.

The Securities and Exchange Commission (SEC) announced that MEMX LLC has filed a proposed rule change to align its reporting requirements with a conditional exemption. This exemption affects how certain brokers report trades and allocations to accounts, aiming to improve efficiency and reduce burdens by ensuring that only the brokers with necessary information report allocations. The proposal also includes detailed reporting requirements for different types of accounts and emphasizes that the amendments won't significantly impact competition or investor protection. Public comments on the proposed change are invited until January 25, 2021.

The Securities and Exchange Commission (SEC) has released a notice regarding an application for exemption requested by Jefferies Credit Management LLC and Jefferies Credit Partners BDC Inc. The applicants seek permission to allow certain registered closed-end investment companies to issue multiple classes of shares with different sales loads and fees. This notice provides information on how individuals can request a hearing regarding the application. Any hearing requests must be submitted to the SEC by April 8, 2025.

Nasdaq PHLX LLC proposed a rule change to amend Options 8, Section 22, which deals with options transactions on the trading floor. This change involves relocating certain rule text without changing the requirements, and updating citations in another section to match these amendments. The rule change became effective immediately after filing, as it does not significantly impact investor protection or competition. The Securities and Exchange Commission is inviting public comments on whether this proposed change is appropriate.

The Securities and Exchange Commission (SEC) has issued a statement and is seeking public comments on the safekeeping of digital asset securities by broker-dealers. They highlight the need for innovation in applying existing protection rules to digital assets, which have unique risks like fraud and theft. The SEC proposes a five-year period during which broker-dealers who follow specific guidelines won't face enforcement action if they can show they've taken reasonable steps to control and secure digital asset securities. This initiative aims to balance investor safety with the advancement of the digital asset market.