Search Results for keywords:"SEC"

The New York Stock Exchange (NYSE) proposed amendments to its Listed Company Manual to modify rules about shareholder approvals for certain stock issuances. These changes are aimed at making it easier for companies to raise capital by aligning NYSE's rules more closely with those of Nasdaq and NYSE American. The amendments include updates to how shareholder approval is needed for transactions involving related parties and large stock issuances. The goal of these changes is to facilitate free market practices while ensuring investor protection remains strong.

The Nasdaq Stock Market LLC proposed a rule change to set fees for Industry Members to cover costs related to the Consolidated Audit Trail (CAT) for 2025. This proposal, submitted to the Securities and Exchange Commission (SEC) on January 2, 2025, is designed to be effective immediately. The SEC is seeking public comments on this rule change, and submissions are requested by February 13, 2025. Interested individuals can access more details about the proposal on both Nasdaq's and the SEC's websites.

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its fee schedule for the "Consolidated Audit Trail Funding Fees," setting the new fee rate at $0.000022 per executed equivalent share. This change was filed under Section 19(b)(1) of the Securities Exchange Act of 1934, and the Exchange has designated the proposal for immediate effectiveness. The SEC is inviting comments from the public on this proposal. Comments can be submitted online or by mail, but they must refer to the specific file number SR-CboeBZX-2024-130 and be sent by January 27, 2025.

The Securities and Exchange Commission (SEC) is reviewing and seeking public feedback on a proposed rule change by the New York Stock Exchange (NYSE). This proposal aims to amend Rule 7.35C to allow NYSE to facilitate a Trading Halt Auction if a security doesn't reopen by 3:30 p.m. after a market-wide circuit breaker halt, known as an "MWCB Halt." The proposal includes changes such as widening the price range for these reopening auctions and allowing certain market maker interests to remain active. The SEC is also considering whether these changes meet the legal standards to ensure fair and orderly markets and is inviting comments from the public by March 10, 2021.

Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to amend certain rules relating to position and exercise limits for options on several Bitcoin-related financial products. These amendments reflect recent approvals by other exchanges like Cboe and NYSE American to establish a limit of 25,000 contracts for these options. The goal is to ensure that trading these options is consistent across different exchanges. The SEC has agreed to fast-track the proposal's implementation to immediately align with standards already set elsewhere, benefiting investors by maintaining uniform trading conditions.

CME Securities Clearing, Inc. (CMESC) is seeking to register as a clearing agency with the Securities and Exchange Commission under the Securities Exchange Act of 1934. If registered, CMESC would provide central counterparty clearing services for transactions involving U.S. Treasury securities and related agreements. The application details CMESC’s structure, including its board and risk management framework, and outlines its plans for ensuring financial stability and resilience. The Commission is requesting public comments on whether the application meets the requirements of the Exchange Act.

The Securities and Exchange Commission (SEC) reviewed and approved the Financial Accounting Standards Board's (FASB) 2025 annual accounting support fee. This fee is used to fund the FASB's operations, as required by the Sarbanes-Oxley Act of 2002. The Commission also checked that additional revenue sources, like publications, do not impact FASB's independence. The Office of Management and Budget decided that this fee is subject to budget cuts under the Budget Control Act of 2011, and the SEC expects collaboration with the Financial Accounting Foundation to manage these cuts effectively.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by BOX Exchange LLC to establish the Boston Security Token Exchange LLC as a facility for trading securities. This decision was made because the related BSTX Trading Rules Proposal, which outlined how trading would occur and how the exchange would regulate it, was also disapproved. The SEC found that without these approved trading rules, BOX Exchange could not ensure the proposed exchange would operate in a manner consistent with the Exchange Act. Consequently, the proposed rule change did not meet the regulatory requirements set forth by the Exchange Act.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by Nasdaq PHLX LLC related to FLEX Options trading on their Exchange. This proposed change involves amendments to the trading rules, including the clarification of functionality, the listing of certain options types, and adjustments to settlement processes. The SEC has not yet reached a decision and is inviting public commentary to help assess the consistency of these changes with financial regulations. Interested parties can submit their views or concerns by February 21, 2025, with rebuttal comments due by March 7, 2025.

In a recent notice, the Securities and Exchange Commission (SEC) announced that the Cboe BYX Exchange, Inc. proposed changes to its rules to align with a conditional exemption granted by the SEC. These changes affect how the Exchange handles allocation reporting requirements in their Consolidated Audit Trail compliance rules. The revisions include redefining an "Allocation Report" and only requiring reports when shares or contracts are allocated to client accounts. This approach aims to reduce reporting burdens on brokers while ensuring regulators have the necessary information to monitor trade allocations.