Search Results for keywords:"financial impact"

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Search Results: keywords:"financial impact"

  • Type:Notice
    Citation:90 FR 9350
    Reading Time:about 3 minutes

    The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

    Simple Explanation

    The Investors Exchange (IEX) wants to change the rules about how much money people pay or get back when they trade stocks. They want people to tell them what they think about these changes by March 4, 2025.

  • Type:Notice
    Citation:89 FR 104567
    Reading Time:about a minute or two

    The United States filed a proposed Consent Decree and Environmental Settlement Agreement with a bankruptcy court involving Vertex Energy, Inc. The agreement requires Vertex Energy and its associated companies to retire renewable identification number credits valued at about $15 million to meet their obligations. The public can comment on this proposal for ten days after its announcement. During this time, the document can be accessed and reviewed on the Justice Department's website.

    Simple Explanation

    The government and a company called Vertex Energy have a deal to help them follow pollution rules. They need to use special credits worth a lot of money, and people can share their thoughts about this plan for a short time!

  • Type:Notice
    Citation:90 FR 12588
    Reading Time:about 3 minutes

    The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.

    Simple Explanation

    Nasdaq PHLX wants to stop giving extra money to companies that help other people buy and sell things with them. The big bosses are checking to see if this is okay and want to know what people think by April 8, 2025.

  • Type:Notice
    Citation:86 FR 8214
    Reading Time:less than a minute

    The National Library of Medicine has announced a closed meeting set for March 18, 2021. This meeting will be hosted online and is not open to the public because it will involve reviewing grant applications that contain confidential information. Such information may include trade secrets or private details about individuals that should not be disclosed. Leonid V. Tsap, a Scientific Review Officer, will be the contact person for the meeting.

    Simple Explanation

    The National Library of Medicine is having a secret online meeting in March to talk about special projects because they're keeping certain details private. Leonid, a person in charge, will know what's happening in the meeting.

  • Type:Notice
    Citation:89 FR 102192
    Reading Time:less than a minute

    The Postal Service has notified that it filed a request with the Postal Regulatory Commission to add a new domestic shipping contract to the Negotiated Service Agreements list in the Mail Classification Schedule's Competitive Products List. This filing, which was done on November 29, 2024, aims to include the Priority Mail and USPS Ground Advantage Contract 488. Additional details can be found on the Postal Regulatory Commission's website under the docket numbers MC2025-539 and K2025-537. For further information, Sean Robinson can be contacted at the provided number.

    Simple Explanation

    The Postal Service wants to add a new agreement to its list that helps decide prices for sending mail and packages. They filed a request for this on November 29, 2024, and you can find more details about it online.

  • Type:Notice
    Citation:86 FR 7135
    Reading Time:about 10 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change submitted by NYSE Arca, Inc. This change involves updating the fee schedule by eliminating charges and credits related to Self Trade Prevention Modifiers and Market Data Revenue Sharing Credits, as both have become obsolete. The proposal is intended to streamline the fee schedule for clarity and does not introduce any new fees. The SEC invites public comments on this proposal, encouraging interested individuals to submit their opinions by February 16, 2021.

    Simple Explanation

    NYSE Arca, a company that helps people buy and sell stocks, wants to make its rule book simpler by taking out some old fees and credits that aren't needed anymore. The people in charge want to know what others think, so they've asked for comments.

  • Type:Notice
    Citation:90 FR 8818
    Reading Time:about 3 minutes

    Nasdaq PHLX LLC, a self-regulatory organization, has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce a FIX Drop Port, similarly used by other Nasdaq exchanges like BX, NOM, ISE, GEMX, and MRX. The FIX Drop Port will be implemented in Options 3, Section 23(b)(3) and is designed for immediate effectiveness. The SEC is inviting the public to comment on this proposed rule change and advises that comments should be submitted by February 24, 2025. All comments will be made public on the SEC's website.

    Simple Explanation

    Nasdaq PHLX wants to change some rules to add something called a "FIX Drop Port," which is like a new tool for trading that can help send information more easily. They are asking people to tell them what they think about this change by February 24, 2025.

  • Type:Notice
    Citation:90 FR 15379
    Reading Time:about 6 minutes

    Cboe EDGX Exchange, Inc. filed a notice with the Securities and Exchange Commission (SEC) to amend its fee schedule for the Retail Equities Membership Program. The proposed changes aim to clarify the eligibility rules, specifying that new members cannot have been approved as Retail Member Organizations (RMO) within 18 months of their approval. The update also removes outdated references and is designed to align with current practices without imposing any additional competitive burdens. The SEC is inviting public comments on this proposed rule change.

    Simple Explanation

    Cboe EDGX Exchange wants to make its rules clearer for new members, saying new members can't have joined this specific program in the last year and a half. They hope this makes everything easier to understand and fair for everyone.

  • Type:Notice
    Citation:86 FR 641
    Reading Time:about 12 minutes

    The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.

    Simple Explanation

    The NYSE American is giving some businesses a break by not charging them certain fees while they try to get back to normal after COVID-19. This means these businesses won't have to pay as much money each month to keep going.

  • Type:Notice
    Citation:90 FR 10733
    Reading Time:about 3 minutes

    The Securities and Exchange Commission received a proposal from Cboe EDGX Exchange, Inc. on February 13, 2025, to amend its fee schedule by adding fees for Cboe Timestamping Service reports. This proposal has been marked for immediate effectiveness. The Commission is seeking comments from the public on whether this proposed rule change is consistent with the Securities Exchange Act of 1934. Interested parties are encouraged to submit their feedback by March 19, 2025.

    Simple Explanation

    The Cboe EDGX Exchange wants to start charging money for special reports called Timestamping Service reports. The government is asking people to say if they think this is a good idea before March 19, 2025.