Search Results for keywords:"Exchange Act"

The Securities and Exchange Commission (SEC) has received a proposed rule change from the New York Stock Exchange (NYSE), which suggests modifications to its manual regarding compliance plans for listed companies. The proposed change states that the NYSE will no longer review compliance plans from companies that have unpaid fees and will start suspension and delisting proceedings if these fees remain unpaid. The SEC is extending the time to consider this rule change by 60 days to ensure there is enough time for thorough review. By June 13, 2025, the SEC will decide whether to approve or disapprove the proposal.

The Securities and Exchange Commission approved a rule change proposed by the Options Clearing Corporation (OCC) to enhance its risk management systems. This decision aims to better capture risks associated with short-dated options, which have become more prevalent in financial markets. The changes involve aligning model assumptions and developing tailored volatility estimates for options with a short expiration period. Such improvements are intended to help OCC manage financial risks more effectively and ensure the protection of securities and funds in its care.

The Securities and Exchange Commission (SEC) has announced a new rule proposal from MIAX Sapphire, LLC regarding fees for connectivity and port services. MIAX Sapphire plans to implement fees for network connections and ports, including a waiver period to incentivize participation, after which full fees will apply. The proposed fees aim to cover the costs of providing these services, with some services offered at a loss to attract market participants. The SEC is inviting public comments on these proposed changes.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by BOX Exchange LLC to establish the Boston Security Token Exchange LLC as a facility for trading securities. This decision was made because the related BSTX Trading Rules Proposal, which outlined how trading would occur and how the exchange would regulate it, was also disapproved. The SEC found that without these approved trading rules, BOX Exchange could not ensure the proposed exchange would operate in a manner consistent with the Exchange Act. Consequently, the proposed rule change did not meet the regulatory requirements set forth by the Exchange Act.

The Securities and Exchange Commission (SEC) is asking for comments on the information they collect under certain crowdfunding rules. These rules require funding portals to submit various forms and documents for transparency, including registration forms, amendments, and records maintenance. The SEC estimates this process costs the industry about $618,293 yearly and takes around 36,315 hours. This request for public comments is part of an effort to renew approval for these procedures from the Office of Management and Budget.

The Securities and Exchange Commission (SEC) has approved a proposal by NYSE Arca, Inc. to extend its trading hours. The extended trading will now allow activity from 1:30 a.m. to 11:30 p.m. Eastern Time on weekdays, barring differences on Fridays. This extension aims to foster competition by providing an additional trading venue during extended hours and includes enhanced customer disclosures to inform investors of the risks associated with trading during these hours. Also, the plan ensures that the necessary data mechanisms are in place before this extended trading can commence.