Search Results for keywords:"SEC disapproval"

The Securities and Exchange Commission (SEC) is reviewing a disapproval decision concerning a proposed rule change by The Nasdaq Stock Market LLC to increase fees for certain market data and connectivity products. Originally filed in March 2024, the rule change faced a temporary suspension by the SEC's Division of Trading and Markets, which later disapproved the proposal in November 2024. Nasdaq filed a petition to have this disapproval reviewed, and the SEC granted this request, allowing interested parties to submit statements in support of or opposition to the disapproval by March 12, 2025. The disapproval remains effective until further notice.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by The Nasdaq Stock Market LLC concerning increased fees for certain market data and connectivity products. Nasdaq suggested increasing fees for firms that do not meet a minimum average daily displayed volume while maintaining lower fees for those who do. The SEC found that Nasdaq did not provide sufficient evidence that the proposed fees would be reasonable or fair, or that they would not harm competition. Additionally, the SEC was concerned that the pricing structure could unfairly disadvantage market participants who choose to trade on other exchanges.