29 Sep 2025
⚖️Proposed Rule Change in MEMX LLC Affects Equity Ownership Rights
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Eighth Amended and Restated Limited Liability Company Agreement of MEMX Holdings LLC
Summary
The Securities and Exchange Commission announces the proposed amendment to the Eighth Amended and Restated Limited Liability Company Agreement of MEMX Holdings LLC. This amendment reflects updates to member rights concerning equity interests and aims to enhance the administration of the company's governance documents, while clarifying existing provisions to ensure transparency and consistency.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change amends the Holdco LLC Agreement impacting pre-emptive rights for equity owners. This may affect ownership stakes of existing members, influencing their financial interests, which can have broader implications for potential investors and stakeholders in MEMX LLC.