📈Nasdaq Proposes Changes to Listing Rules for de-SPAC Transactions
The SEC published a notice regarding Nasdaq's proposed amendments to initial listing requirements for de-SPAC transactions, aimed at aligning OTC trading SPACs with listed SPACs. The changes are designed to ensure consistent investor protections and improve market operations, simplifying the regulatory landscape for companies engaging in business combinations via SPACs.
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📅SEC Closed Meeting Notice Under the Sunshine Act
The SEC has announced a closed meeting under the Sunshine Act to discuss internal matters including litigation claims and enforcement proceedings. The meeting will be held remotely and will not be open to the public. Changes in scheduling may occur based on the Commission's priorities. For inquiries, contact the Office of the Secretary.
Learn More📈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 Information Collection Under Rule 14f-1 Review
The SEC has submitted a request for extension regarding the information collection under Rule 14f-1, which mandates disclosures about changes in majority directors for companies involved in certain securities transactions. This regulatory process allows for public comments and involves potential burdens on affected businesses.
Learn More📈NYSE Arca's Proposed Rule Change on Market Orders
The Securities and Exchange Commission has published a notice regarding NYSE Arca's proposed amendment to Rule 6.62P-O, which focuses on the handling of Market Orders. The amendment aims to improve execution opportunities by removing certain validation conditions that currently lead to order cancellations, thereby promoting an efficient trading environment.
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📈SEC Notice on Joint Transactions for Investment Companies
The SEC issued a notice regarding an application by HarbourVest Private Investments Fund to allow certain business development companies and management investment companies to co-invest in portfolio companies. The notice includes details about the application and the opportunity for public hearings if requested.
Learn More📈Proposed Rule Change for Closed-End Companies on Annual Meetings
The SEC is evaluating a proposed rule change by Cboe BZX Exchange to exempt closed-end management investment companies from the requirement to hold annual shareholder meetings. This proposal aims to reduce operational costs and facilitate capital formation, sparking discussions about investor rights and governance practices in the sector.
Learn More📊IEX Proposes $3,500 Monthly Fee for Real-Time DEEP+ Access
The Securities and Exchange Commission announces the proposal of a new $3,500 monthly fee for real-time access to the DEEP+ market data product from Investors Exchange LLC. This change follows the expiration of a previous free access period and aims to align pricing with competitive market offerings while maintaining transparency in fee structures.
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