21 Jul 2025
📊Proposed Minor Rule Violation Plan by 24X National Exchange
Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing of Proposed Minor Rule Violation Plan
Summary
The Securities and Exchange Commission has received a filing from 24X National Exchange LLC regarding a proposed Minor Rule Violation Plan. This plan aims to designate specific minor rule violations and allow the Exchange to aggregate similar violations, promoting more efficient handling of regulatory infractions while maintaining transparency through quarterly reporting to the Commission.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed Minor Rule Violation Plan (MRVP) by 24X National Exchange LLC allows for streamlined reporting and fines not exceeding $2,500 for minor violations. This impacts businesses as it may reduce compliance costs and regulatory burden while ensuring more efficient handling of minor rule infractions.