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Search Results: keywords:"Financial Industry Regulatory Authority"

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2021-01941 — Program for Allocation of Regulatory Responsibilities Pursuant To Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amended Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and NYSE Arca, Inc.
January 29, 2021
Type:Notice
Citation:86 FR 7590
Reading Time:about 25 minutes
The Securities and Exchange Commission (SEC) approved an updated plan between the Financial Industry Regulatory Authority (FINRA) and NYSE Arca, which aims to streamline regulatory responsibilities. This plan helps avoid the duplication of regulatory tasks for companies registered with both FINRA and NYSE Arca by specifying which organization will handle what aspects of regulation. The amendment removes certain rules from the plan and is designed to improve efficiency and reduce costs for regulated firms while ensuring investors are protected. The SEC declared the plan effective to promote better coordination between the two self-regulatory organizations.
Simple Explanation
The SEC said that two groups, FINRA and NYSE Arca, will share their work to make sure businesses are following the rules, so they don’t do the same work twice, helping them save money and making sure people who invest are protected.
2025-00179 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Adopt the FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATETM))
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January 08, 2025
Type:Notice
Citation:90 FR 1563
Reading Time:about 2 hours
The Securities and Exchange Commission (SEC) has approved a new rule proposed by the Financial Industry Regulatory Authority, Inc. (FINRA) known as the FINRA Rule 6500 Series. This rule mandates the reporting and public dissemination of securities lending transaction data through FINRA’s Securities Lending and Transparency Engine (SLATE). The goal of this rule is to improve transparency and efficiency in the securities lending market by collecting and providing access to detailed information about securities loans. The implementation of this rule is set for January 2, 2026, with public disclosure of the data to begin by April 2, 2026.
Simple Explanation
The government has approved a new rule that helps keep track of how people lend and borrow certain stocks, making it easier for everyone to see what's happening. They'll start doing this in January 2026, so everyone can understand how stocks are being shared.
2025-04412 — In the Matter of the Application of MX2 LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission
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March 18, 2025
Type:Notice
Citation:90 FR 12590
Reading Time:about 85 minutes
The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.
Simple Explanation
The SEC has decided that a company called MX2 can set up a place where people can buy and sell stocks, just like a big kid playing store with their toys. But instead of getting new toys, they're using what's already on the shelf, and other grown-ups will help make sure everyone plays fair.
2020-29215 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Proposed Rule 6439 (Requirements for Member Inter-Dealer Quotation Systems) and Rescind the Rules Related to the OTC Bulletin Board Service
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January 06, 2021
Type:Notice
Citation:86 FR 653
Reading Time:about 25 minutes
The Financial Industry Regulatory Authority, Inc. (FINRA) intends to rescind rules related to its OTC Bulletin Board Service due to its decline in usage and replace them with stricter standards for member-operated systems that update real-time quotations for over-the-counter equity securities. The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove this proposed rule change and invites public comments to ensure it meets legal standards aimed at preventing fraud and ensuring fair trading. Proposed changes include establishing policies to ensure reliable and accurate quotation dissemination and fair access to quoting services, among other responsibilities for member inter-dealer quotation systems.
Simple Explanation
The people who help watch over stock trading are thinking about changing some old rules to make sure everyone plays fair when buying and selling certain types of stocks that don't get traded on big places like the New York Stock Exchange. They want to hear what others think about how these changes might make buying and selling stocks better or harder.

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