The Investors Exchange LLC has proposed a new rule regarding the pricing of transactions for securities priced under $1.00. The proposed changes include offering a rebate of 0.15% for orders adding liquidity and raising the fee to 0.15% for orders removing liquidity. These changes are set to be effective immediately and operational by January 1, 2025. The Securities and Exchange Commission is inviting public comments on these proposed changes until January 29, 2025.
Simple Explanation
The Investors Exchange LLC is making new rules about buying and selling cheap stocks, where they will give a little money back to people who help make more buyable stocks appear and charge a bit more for selling off these stocks. The Securities and Exchange Commission is asking people to share their thoughts about this change by the end of January.