23 Jul 2025
📉SEC Approves Allocation of Regulatory Responsibilities Between FINRA and GIX
Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Order Approving and Declaring Effective a Proposed Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and GIX National Exchange LLC
Summary
The SEC has approved a regulatory plan that allows FINRA to assume examination and enforcement responsibilities from GIX for common members. The plan aims to reduce regulatory duplication, promote efficiency, and enhance investor protection by coordinating oversight between the two organizations. This shift is part of ongoing efforts to streamline compliance processes within the securities industry.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text outlines a plan approved by the SEC that reallocates regulatory responsibilities between FINRA and GIX, reducing regulatory duplication for common members. This impacts businesses by potentially lowering compliance costs and minimizing examinations from multiple regulatory bodies.