The Securities and Exchange Commission (SEC) has announced that The Nasdaq Stock Market LLC proposed a new rule, effective immediately, to increase its Membership and Regulatory, Registration, and Processing Fees. This is part of an amendment to its fee schedule under Sections 10 and 30 of Equity 7. The SEC is seeking public comments on this proposed change, and interested individuals can submit their opinions electronically or by mail before February 11, 2025. Details of the proposed rule change are available on both Nasdaq's and the SEC’s websites.
Simple Explanation
Nasdaq wants to charge a bit more money to its members to cover some costs, and the SEC says people can tell them what they think about this until February 11, 2025. It's like a store saying, "We need to raise prices," and the SEC wants to hear from everyone if that's okay.