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.
Simple Explanation
The government is deciding if a new price increase by a big company (Nasdaq) for some of its special data and tools should be allowed. They're asking people to share their thoughts on this by a specific date in March while they keep the price increase on hold.