8 Sep 2025
📉SEC Declares 24X National Exchange Minor Rule Violation Plan Effective
Self-Regulatory Organizations; 24X National Exchange LLC; Order Declaring Effective a Minor Rule Violation Plan
Summary
The SEC has declared effective a Minor Rule Violation Plan proposed by 24X National Exchange LLC. This plan will categorize specific rule violations as minor and allow fines not exceeding $2,500 without formal disciplinary proceedings. The Exchange will provide quarterly reports on any actions taken under this plan.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text introduces a Minor Rule Violation Plan (MRVP) by 24X National Exchange LLC, which allows for more efficient handling of minor rule violations. This change may affect compliance costs and reporting obligations for businesses interacting with the Exchange, as fines for minor violations will now not exceed $2,500 and will be reported quarterly, influencing financial planning.