Type:Notice
Citation:90 FR 8072
Reading Time:about 3 minutes
The Securities and Exchange Commission (SEC) is reviewing a proposal from Nasdaq GEMX, LLC to establish new fees for industry members. These fees relate to costs for the Consolidated Audit Trail (CAT), a system used to track trading activities across securities markets. The proposed rule change, submitted on January 2, 2025, is intended to take effect immediately. The SEC is inviting the public to submit comments on whether this proposed rule change aligns with existing regulations.
Simple Explanation
Nasdaq wants to charge fees to help pay for a big, complicated system that watches over how people trade stocks. The people in charge want to know if these fees are fair and want to hear what everyone thinks about it.