Search Results for keywords:"Securities and Exchange Commission"

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Search Results: keywords:"Securities and Exchange Commission"

  • Type:Notice
    Citation:90 FR 10644
    Reading Time:about 3 minutes

    Cboe C2 Exchange, Inc. submitted a proposal to the Securities and Exchange Commission (SEC) on February 13, 2025, to amend its fee schedule by introducing fees for Cboe Timestamping Service reports. This proposal was filed under Section 19(b)(1) of the Securities Exchange Act of 1934 and is deemed immediately effective. The SEC is now seeking public comments on the proposed changes, which can be submitted via the Commission's website or by email until March 18, 2025.

    Simple Explanation

    Cboe C2 Exchange wants to start charging for special reports that help tell when things happen, and they told the SEC about this. Now, people can say what they think about it until March 18, 2025.

  • Type:Notice
    Citation:90 FR 17273
    Reading Time:about 12 minutes

    The NYSE American Exchange is proposing a temporary rule change to its fee schedule. For April 2025, they aim to waive a limit on Floor Broker credits and rebates associated with QCC (Qualified Contingent Cross) trades and the Manual Billable Rebate Program. This waiver is intended to prevent Floor Broker firms from potentially redirecting their trades to other markets due to recent market volatility, which could lead them to exceed the existing monthly cap on credits and rebates. The Securities and Exchange Commission is accepting public comments on this proposed change until May 15, 2025.

    Simple Explanation

    The NYSE American Exchange wants to drop a limit on some money perks for their brokers in April 2025 to keep these brokers from choosing to trade elsewhere during crazy, busy times in the market. They think this change will help, but some people are worried it might not be a good idea because it doesn't explain enough about why it's needed or what could go wrong.

  • Type:Notice
    Citation:86 FR 3216
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the ongoing collection of information under Rule 15c1-7, a provision of the Securities Exchange Act. This rule requires broker-dealers to keep records of transactions made with discretion over customer accounts to avoid fraudulent or deceptive practices. The SEC estimates the rule affects 362 broker-dealers, totaling around 400,000 transactions annually, with each record taking about five minutes to complete. Public comments on this request can be submitted through the website reginfo.gov or via email.

    Simple Explanation

    The Securities and Exchange Commission wants more time to keep collecting notes from certain businesses about how they handle people's money, so they can make sure the businesses are being honest and not tricky. They're asking people to share what they think about this online.

  • Type:Notice
    Citation:90 FR 9765
    Reading Time:about 32 minutes

    The Securities and Exchange Commission has shared a proposed rule change by NYSE Arca, Inc. to alter the limits for options on the Grayscale Bitcoin Trust (GBTC). Specifically, it aims to increase the position and exercise limits from 25,000 to 250,000 contracts, and to allow GBTC options to trade as Flexible Exchange Options (FLEX Options). The proposal is intended to boost market activity by enabling larger trades, improve competition against over-the-counter markets, and offer new trading tools similar to existing options on ETFs like gold and silver shares. The Commission is inviting public comments on this proposed change.

    Simple Explanation

    The Securities and Exchange Commission is thinking about letting people trade more options on a Bitcoin trust, kind of like trading cards, so they can trade up to 250,000 at once instead of just 25,000. This change could make trading more exciting by giving people more ways to trade, similar to other well-known options on gold and silver.

  • Type:Notice
    Citation:90 FR 3266
    Reading Time:about 25 minutes

    The Securities and Exchange Commission has received a proposal from Nasdaq PHLX LLC to allow FLEX Trading in options for the iShares Bitcoin Trust ETF (IBIT). This would enable these options to trade as both cash-settled and physically settled, with a consolidated limit of 25,000 contracts, which aims to prevent market manipulation and protect investors. The proposal is intended to broaden the range of available trading products and better manage investment risks in bitcoin-related products. Public comments are invited on whether this proposal aligns with the Securities Exchange Act's standards.

    Simple Explanation

    The SEC is looking at a plan from a company called Nasdaq PHLX to let people trade special options on a fund related to Bitcoin. These options would help investors make better choices and keep things fair, with some rules in place to stop any tricks and protect everyone investing.

  • Type:Notice
    Citation:90 FR 9177
    Reading Time:about 3 minutes

    The Cboe EDGA Exchange, Inc. has proposed a rule change to amend its fee schedule to include fees for Dedicated Cores, and this proposal was filed with the Securities and Exchange Commission (SEC) on January 24, 2025. This filing is in accordance with Section 19(b)(1) of the Securities Exchange Act of 1934 and is designed to take effect immediately. The SEC is asking for public comments on this proposal, and various methods are provided for submitting these comments until February 28, 2025. Comments can be shared via an online form, email, or mail, reminding contributors to avoid including any personal identifiable information they do not want made public.

    Simple Explanation

    The Cboe EDGA Exchange wants to change its pricing to add new costs for special parts of computers called "Dedicated Cores." The SEC is letting people say what they think about this until February 28, 2025.

  • Type:Notice
    Citation:89 FR 103003
    Reading Time:about 44 minutes

    Nasdaq PHLX LLC proposed changes to lower the Options Regulatory Fee (ORF) starting in 2025. From November 1, 2024, to December 31, 2024, they plan to reduce the ORF fee from $0.0034 to $0.0022 per contract. Beginning January 1, 2025, the methodology for assessing ORF will change to include different rates for options traded on different exchanges, with new rates applied to various transactions except those by market makers. The proposal aims to ensure that the fees collected cover regulatory costs without exceeding them.

    Simple Explanation

    Nasdaq PHLX LLC wants to change the fee they charge when people trade options, making it cheaper and different depending on where the trade happens, starting in 2025. They also want to make sure the money they get from these fees only covers their costs, and they don't want to charge market makers the same way they charge others.

  • Type:Notice
    Citation:90 FR 2043
    Reading Time:about 4 minutes

    The Securities and Exchange Commission announced a new rule proposed by the New York Stock Exchange to set fees for industry members in 2025. These fees, called CAT Fee 2025-1, will support the costs of the National Market System Plan for the Consolidated Audit Trail, with a fee rate of $0.000022 per executed equivalent share. These charges will be applied to brokers as soon as February 2025 and are meant to cover half of the budgeted costs for the year. The public is encouraged to submit their comments on this proposed rule change by January 31, 2025, through the Commission's website or by mail.

    Simple Explanation

    The New York Stock Exchange wants to charge a small fee for each stock trade starting in 2025 to help pay for a big project that tracks trading, but people are asking questions about how they chose the fee amount and what happens if the costs change. They also want others to share their thoughts by the end of January.

  • Type:Rule
    Citation:89 FR 96095
    Reading Time:less than a minute

    The Securities and Exchange Commission made a correction to a previous rule document, labeled as 2024-26524, which was initially published on November 19, 2024. The correction involves changing placeholder text for the publication date in the document to reflect the accurate date as "November 19, 2024." This ensures that the document correctly indicates when it was published in the Federal Register.

    Simple Explanation

    The document is like a big rulebook made by grown-ups for people who handle money. They found a boo-boo with the date and fixed it to show the right day, which helps everyone know exactly when it was written down.

  • Type:Notice
    Citation:89 FR 99940
    Reading Time:about 22 minutes

    Cboe EDGA Exchange, Inc. has made a proposal to update its Fees Schedule by introducing charges for the use of "Dedicated Cores," which offer improved performance over shared resources. The proposal offers two Dedicated Cores at no cost, while additional cores are subject to fees based on a tiered system with rising costs for more cores used. This change is optional, allowing users to determine if the benefits of dedicated resources outweigh the costs. The proposal aims to manage limited resources fairly and ensure equitable pricing among users who choose to utilize Dedicated Cores.

    Simple Explanation

    The Cboe EDGA Exchange wants to change how they charge people for using special computer parts called "Dedicated Cores" that help things run faster, like when a game doesn't lag because it's running smoothly. These special parts can cost more money if you need a lot of them, and some people think it's not fair because it might cost small companies more without giving them really big benefits.