4 Feb 2025
📈MIAX Emerald's Minor Rule Violation Plan
Self-Regulatory Organizations; MIAX Emerald, LLC; Order Declaring Effective a Minor Rule Violation Plan
Summary
The Securities and Exchange Commission has declared effective MIAX Emerald, LLC's minor rule violation plan, permitting the exchange to impose fines for specific minor violations without engaging in formal disciplinary actions. The plan streamlines the enforcement process while ensuring ongoing compliance with regulatory standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content details the MIAX Emerald, LLC's minor rule violation plan, which allows for the imposition of fines up to $2,500 for specific rule violations without formal disciplinary proceedings. This affects compliance and regulatory requirements for business owners and executives who must understand the implications of violating exchange rules and the potential for reduced reporting obligations.