📈SEC Considers Proposed Rule Change for BondBloxx Trust Shares
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust
Summary
The SEC is reviewing a proposed rule change to list and trade BondBloxx Private Credit Trust shares, which aims to provide risk-adjusted returns through a diversified portfolio of consumer and small business credit assets. The assessment includes evaluating the trust's liquidity strategy and potential market manipulation risks, inviting public comment for further deliberation.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change regarding the listing and trading of BondBloxx Private Credit Trust shares introduces possible new investment vehicles, compliance requirements, and market transparency concerns, impacting business owners and investors engaged in private credit markets. There are risks related to liquidity, investment strategies, and market manipulation that executives must consider.