📈SEC Notice on Investment Company Act Exemption Request
The Securities and Exchange Commission released a notice regarding an application from Align Alternative Access Fund and Sovereign Financial Group, Inc. for an exemption under the Investment Company Act of 1940. The application seeks permission for registered closed-end investment companies to issue various classes of shares with differing sales loads and service fees, impacting their operational strategy and regulatory compliance.
Learn More💹Cboe BZX Exchange Proposes Rule Change for Fidelity Ethereum Fund
The Cboe BZX Exchange has filed a proposed rule change with the SEC to amend the regulations governing the listing and trading of Fidelity Ethereum Fund shares, allowing for staking. The SEC has extended the review period for this proposal to ensure thorough consideration of its potential impact and issues raised.
Learn More📅SEC Changes Crypto Task Force Meeting Date - Business Implications
The SEC announces a change in the meeting date for the Crypto Task Force roundtable, originally set for June 6, 2025, now rescheduled to June 9, 2025. For more information, contact the Office of the Secretary.
Learn More📈SEC Extends Review Period for Grayscale Hedera Trust Listing
The SEC has announced an extension of the review period for The Nasdaq Stock Market LLC's proposed rule change to list and trade shares of the Grayscale Hedera Trust under Nasdaq Rule 5711(d). This notice reflects the Commission’s effort to thoroughly evaluate the proposed rule change and related regulatory considerations.
Learn More📈Cboe BYX Proposes Enhanced RPI Order for Securities Below $1
The Securities and Exchange Commission issued a notice regarding the proposed rule change by Cboe BYX Exchange to enhance its Retail Price Improvement Program (RPI) to include securities priced below $1. The extension of the Commission's review period allows for thorough consideration of the implications of the change, initially filed for public comment on March 13, 2025.
Learn More💼SEC Proposed Rule 206(4)-2 Collection Comment Request
The SEC notifies about the proposed extension of information collection under Rule 206(4)-2, governing the custody of client funds by registered investment advisers. It highlights key compliance requirements, including maintaining custody with qualified custodians and conducting surprise asset examinations, to enhance protection for advisory clients.
Learn More📈Cboe Options Proposed Rule Change for Extended Trading Hours
The Securities and Exchange Commission released a notice regarding a proposed rule change by Cboe Exchange, Inc., which aims to allow specific expiring A.M.-settled index options and Volatility Index options to trade during the global trading hours preceding their expiration date. The Commission extended the review period, designating June 15, 2025, for action on this proposal.
Learn More💼SEC Notice on Goldman Sachs BDC Joint Transactions Application
The SEC has issued a notice regarding an application to permit business development companies to co-invest with each other and affiliated entities. This includes streamlined terms compared to previous orders. The notice outlines the process for requesting a hearing on this application and provides details about the applicants involved.
Learn More📉Notice on Deregistration Applications Under Investment Company Act
Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Dates: The application was filed on February 28, 2025 and amended on April 15, 2025. Applicant's Address: 1601 Utica Avenue South, Suite 1000, Minneapolis, Minnesota 55416.
Learn More📈NYSE Arca Proposes Options on Commodity-Based Trust Shares
The Securities and Exchange Commission has received a proposed rule change from NYSE Arca to amend Rule 5.3-O, allowing the Exchange to list and trade options on Commodity-Based Trust Shares. The SEC has designated an extended period for action on this proposal, indicating thorough consideration of its implications.
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