Nasdaq BX, Inc. has introduced a proposed rule change to establish fees for Industry Members to cover budgeted costs related to the Consolidated Audit Trail for 2025. This proposal has been filed with the Securities and Exchange Commission (SEC) and has been marked for immediate effectiveness. The SEC is seeking comments from the public on whether this change aligns with the Securities Exchange Act. Interested parties can submit their comments online or via mail by February 13, 2025.
Simple Explanation
Nasdaq wants to charge fees to cover some costs for a system that tracks trading activities, and they have asked the SEC for approval. People can tell the SEC what they think about this by February 13, 2025.