The Securities and Exchange Commission (SEC) has announced that NYSE National, Inc. has submitted a proposed rule change to introduce a new Rule 10.7000 Series. This rule series will govern the review and appeal of adverse actions and adjust existing rules related to application procedures and revocations for an ETP Holder. The proposal was filed on February 18, 2025, and has been deemed effective immediately. The SEC is inviting public comments on the proposed rule change, with submissions accepted until March 25, 2025.
Simple Explanation
The SEC says that NYSE National wants to add some new rules about how people can say they don't like a decision, but the document doesn't say much about why they need these rules or what's in them. They're asking people to share their thoughts on these changes by March 25, 2025.