📈SEC Regulatory Updates on Municipal Securities Dealer Compliance
The SEC announces revisions to information collection activities and forms related to municipal securities dealers under the Exchange Act. This update aims to streamline processes for registration and withdrawal, requiring dealers to amend their filings to ensure compliance with the latest regulatory standards. The changes seek to enhance operational efficiency and public accessibility to dealer information.
Learn More📊SEC Notice on Joint Transactions for Investment Companies
The SEC issued a notice regarding the Gladstone Alternative Income Fund's application for an order to allow certain BDCs and investment companies to co-invest in portfolio companies. This application seeks to change existing prohibitions under the Investment Company Act, providing new avenues for collaboration among investment entities.
Learn More🏦Bank Holding Companies
The Federal Reserve notice outlines applications for the formation, acquisition, and mergers of bank holding companies, detailing requirements under the Bank Holding Company Act. Stakeholders can express views on these applications, which will inform public disclosure mechanisms and regulatory compliance, thereby influencing financial strategy and market dynamics for involved institutions.
Learn More📉SEC Declares 24X National Exchange Minor Rule Violation Plan Effective
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.
Learn More💻LTSE Connectivity Fee Schedule Changes Impacting Businesses
The Securities and Exchange Commission has published a notice from the Long-Term Stock Exchange proposing a rule change to establish connectivity fees for cross-connects at various facilities. This amendment affects both members and non-members, marking a shift from previously offered free connectivity to a structured fee schedule aimed at recovering operational costs and ensuring system integrity.
Learn More💻NYSE American Proposes Rules for Hardware and Managed Services
The NYSE American proposes an amendment to its Connectivity Fee Schedule to include hardware procurement and managed services for Users in colocation halls. This change aims to streamline the procurement process while addressing user requests for more comprehensive support in hardware and IT management within data centers.
Learn More📈Cboe BYX Expands Retail Price Improvement Program
The SEC has designated a longer period for considering a proposed rule change by Cboe BYX Exchange that aims to introduce an Enhanced RPI Order and expand its Retail Price Improvement Program to include lower-priced securities. This change is expected to enhance market efficiency and increase trading opportunities for investors.
Learn More🚫Designation of Los Choneros and Los Lobos as Terrorist Organizations
The Department of State has designated Los Choneros and Los Lobos as Foreign Terrorist Organizations, based on a review of relevant circumstances under the Immigration and Nationality Act. This designation mandates compliance from businesses and organizations concerning financial dealings and affiliations with these groups, which will affect operations and regulatory adherence.
Learn More📊SEC Rule 17a-25 OMB Review
The Securities and Exchange Commission (SEC) seeks an extension for Rule 17a-25, requiring registered broker-dealers to electronically submit securities transaction data. This process is critical for enforcement inquiries and trading investigations, emphasizing the importance of standardized reporting formats and continued updates on contact information for compliance with regulatory audits.
Learn More💰Nasdaq Imposes New Fee for WorkX PRO Monitor Effective September 2025
The SEC has announced a proposed amendment to Nasdaq's exchange fees, specifically introducing a monthly fee for the WorkX PRO Monitor Full Version aimed at enhancing trade reporting efficiency. The new service will improve the price override request process for market participants, allowing for real-time tracking and submissions of trade reports, streamlining compliance with FINRA regulations.
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