🏦SEC Notice on Co-Investment for Business Development Companies
The SEC has issued a notice regarding the application from ISQ OpenInfra Income Fund and associated firms, seeking an order that would allow certain business development companies to co-invest in portfolio companies. This application aims to address joint transactions that are currently prohibited under the Investment Company Act of 1940, requiring potential authorization from the SEC.
Learn More⚖️FINRA Accelerates Arbitration for Elderly and Health-Affected Parties
The FINRA proposed rule change aims to accelerate arbitration proceedings for parties aged 70 and over or those with specific health conditions. This initiative seeks to ensure that these individuals can participate meaningfully in the arbitration process, enhancing outcomes reflective of their claims while maintaining flexibility for arbitrators in scheduling and case management.
Learn More📈SEC Proposes Change to Options Position Limits for IBIT
The Securities and Exchange Commission published a notice regarding the NYSE American LLC's proposal to amend Rule 904, which governs position limits for options on the iShares Bitcoin Trust ETF (IBIT). The amendment aims to enhance trading flexibility and competitiveness by adjusting the previously fixed limit based on market data and trading volume, potentially allowing for increased positions.
Learn More🔍SEC Closed Meeting Announcement and Business Implications
The Securities and Exchange Commission (SEC) announces a closed meeting scheduled to consider various matters, including settling injunctive actions and administrative proceedings. The meeting will take place remotely and is closed to the public, with attendance limited to Commission staff and legal counsel. Important updates regarding the agenda will be provided on the SEC website if there are any changes.
Learn More⚖️FINRA Proposed Rule Change
The FINRA proposed rule changes aim to amend the Codes of Arbitration Procedure to enhance transparency and efficiency in the arbitrator selection process, particularly by increasing the selection opportunities for non-chair-qualified public arbitrators. These adjustments are designed to benefit businesses by improving arbitration outcomes and fostering a more diverse arbitrator panel.
Learn More📈Proposed Rule Change Boosts IBIT Options Position Limits
The Securities and Exchange Commission has published a notice regarding the proposed amendment of position limits for options on the iShares Bitcoin Trust ETF. This change would enhance trading flexibility and liquidity, enabling market participants to more effectively engage in trading and hedging activities. The proposal aims to align IBIT options with other ETFs, promoting a more competitive financial market environment.
Learn More📈SEC Extends Decision Period for MX2 Options Trading Rules
The Securities and Exchange Commission (SEC) has published a notice regarding MX2 LLC's proposed rule change to govern the trading of options on a new facility named MX2 Options. The notice indicates an extended timeframe for the SEC to review and act on this proposal to ensure thorough consideration.
Learn More📈Proposed Rule Change for Nasdaq PHLX on Customer Rebates and Strategy Caps
Nasdaq PHLX announces a proposed rule change to amend the Customer Rebate Program's tier thresholds and strategy caps. The adjustments aim to incentivize increased Customer volume and minimize transaction costs for members involved in options trading, aiming to enhance overall trading activity on the exchange.
Learn More📈SEC Proposes Increased Position Limits for iShares Bitcoin ETF Options
The Securities and Exchange Commission has published a notice regarding the proposed amendment to BOX Rule 3120, suggesting an increase in position and exercise limits for iShares Bitcoin Trust ETF options. This change is intended to foster a more competitive and liquid market for these financial instruments, aligning with the trend of increasing trading activity in bitcoin-related products.
Learn More📈SEC Proposes New Position Limits for Bitcoin ETF Options
The SEC published a notice regarding the proposed changes to the position limits for options on Bitcoin ETFs, allowing for an increase from 25,000 to 250,000 contracts. This change is expected to enhance market liquidity and competitiveness while maintaining safeguards against potential market manipulation. The adjustment aligns with similar rules approved for other ETF options, promoting efficiency and investor confidence in the marketplace.
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