Search Results for keywords:"investor protection"

The Securities and Exchange Commission (SEC) has approved rule changes proposed by Nasdaq to enhance the enforcement of listing standards for companies trading on its exchange. The approved changes involve the suspension of trading for companies that have not met the minimum bid price requirement after a second compliance period, even if they appeal the decision. Additionally, Nasdaq will not allow a compliance period for companies that fail to meet the bid price requirement within one year of a reverse stock split. These changes are intended to protect investors by reducing the risk of manipulation and ensuring the integrity of the stock market, particularly by addressing issues with companies that repeatedly fail to meet listing standards.

The NYSE American LLC has proposed a rule change to Rule 342, addressing membership processes for broker-dealers facing statutory disqualification. The change aims to clarify the procedures for such firms to become or remain members of the Exchange if they are undergoing a statutory disqualification review by another self-regulatory organization (SRO). This proposal seeks to align NYSE American's rules with other exchanges and SEC guidelines, ensuring a consistent approach while safeguarding investors and public interests. The Exchange has requested an immediate effect from filing to handle an ongoing case promptly.

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.

MIAX PEARL, LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) on February 6, 2025. This change would allow the listing and trading of options on the Goldman Sachs Physical Gold ETF and update the names of certain trusts. The change was filed under a rule allowing it to become effective immediately, as it doesn't significantly impact investor protection, public interest, or competition. The SEC invites public comments on this proposal, which they can submit through various methods until March 14, 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) is conducting proceedings to decide whether to approve or disapprove a proposed rule change by the Cboe BZX Exchange. This rule change involves listing and trading shares of the BondBloxx Private Credit Trust. The Trust aims to offer risk-adjusted returns through investments in a diversified portfolio of private credit assets like personal and small business loans. The proceedings allow for public comments and analysis on whether the rule aligns with rules preventing fraud and protecting investor interests.

The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change filed by Nasdaq ISE, LLC. The proposed rule change seeks to increase the position and exercise limits for options on the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts. The reason behind this proposal is to align the limits with the current market capitalization and average daily volume, which demonstrate sufficient liquidity to handle increased limits. The proposed rule change aims to enhance liquidity and market competition while ensuring that adequate surveillance measures are in place to prevent manipulation and protect investors.

The Securities and Exchange Commission (SEC) has disapproved a proposed rule change submitted by the Cboe BZX Exchange, Inc., which aimed to extend the time allowed for certain exchange-traded products (ETPs) to meet minimum listing requirements. The Exchange wanted to increase the compliance period from 12 to 36 months for ETPs to have a minimum of 50 beneficial holders, arguing it aligns better with the ETP lifecycle and current market conditions. However, the SEC found that the Exchange did not provide enough evidence to ensure this change would protect against market manipulation and protect investors. Despite receiving some support from commenters, the proposal was deemed inconsistent with the necessary regulatory requirements.

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC proposed a rule change to allow listing options on several Ethereum-related funds and trusts, including the iShares Ethereum Trust and the Fidelity Ethereum Fund, among others. The change aims to set position and exercise limits at 25,000 contracts for these options, aligning them with similar limits already in place on other exchanges. This proposal is considered non-controversial and aims to enhance trading fairness and protect investors, while not burdening market competition. The SEC seeks public comments and may permit the plan to take effect immediately to ensure consistency in trading limits across various platforms.

The Securities and Exchange Commission has announced that the NYSE Chicago, Inc. filed a proposed change to its rules on December 3, 2024. This change aims to clarify how a broker-dealer can become or stay a member of the Exchange even if they have a statutory disqualification. The proposed amendments align NYSE Chicago's rules with those of other exchanges and SEC regulations, focusing on maintaining fairness and investor protection while allowing organizations time to seek resolution for disqualifications. The change will become effective without a 30-day waiting period, as the SEC considers it necessary for an ongoing urgent situation involving a firm currently seeking relief from such a disqualification.