Search Results for keywords:"stock market regulation"

Found 2 results

Search Results: keywords:"stock market regulation"

💰 Only
Oldest Newest
  • 2024-30677 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Equity 4 To Establish Halt Cross Price Protections and Make Other Related Changes
    Type:Notice
    Citation:89 FR 105161
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has decided to extend the time it will take to review a proposed rule change filed by The Nasdaq Stock Market LLC. This proposal aims to amend rules around "Equity 4" to establish safeguards for halt crosses in trading prices and make other related updates. Initially, the SEC was supposed to reach a decision by January 4, 2025, but they have extended this deadline to February 18, 2025, to allow more time for consideration. The proposed changes were published for public comment on November 20, 2024, but no comments have been received so far.

    Simple Explanation

    The Securities and Exchange Commission needs more time to think about a new rule from Nasdaq that would help keep stock prices steady when trading pauses and starts again, so they've given themselves until February to make a decision. They haven't heard from anyone about it yet.

  • 2025-02386 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change To Amend Equity 4 To Establish Halt Cross Price Protections and Make Other Related Changes
    💰
    Type:Notice
    Citation:90 FR 9259
    Reading Time:about 45 minutes

    The Securities and Exchange Commission has approved a proposed rule change by The Nasdaq Stock Market LLC to improve its rules around trading halts and reopenings. This change introduces new price protections for when trading resumes after a halt, designed to ensure that stock prices do not deviate aggressively before trading starts again. The approved changes will incorporate a process to ensure price stability and transparency, helping improve the overall efficiency of trading and better protect investors. Additional adjustments include the removal and clarification of certain terms and references to enhance understanding and compliance.

    Simple Explanation

    When a game of musical chairs stops, everyone waits for one person to say "go" again. Nasdaq wants to make sure that when the game resumes, everyone knows the rules and nobody moves too fast, keeping things fair and clear for everyone playing.