📈SEC's Proposed Rule for Grayscale Hedera Trust Trading
The SEC has announced a proposed rule change to allow the listing and trading of Grayscale Hedera Trust (HBAR) shares on the Nasdaq. This regulatory filing aims to provide insights on the investment framework for HBAR, promoting enhanced market access and compliance requirements for operators and investors in the cryptocurrency space.
Learn More📈SEC Extends Review for WisdomTree XRP Fund Rule Change
The SEC has designated an extended period to consider a proposed rule change from Cboe BZX Exchange for listing the WisdomTree XRP Fund, allowing for thorough analysis of the implications and market impacts associated with trading cryptocurrency-based trust shares. The decision timeline is important for industry stakeholders following commodity-based trusts.
Learn More💼SEC Notice for Co-Investment Order Application
MA Specialty Credit Income Fund and its affiliates have applied for an SEC order to permit co-investment among closed-end management investment companies and business development companies. This notice outlines the application process and includes instructions for requesting a hearing or additional information.
Learn More📉NYSE Proposes Rule Change on Compliance and Fee Requirements
The SEC is considering a proposed rule change from the NYSE that stipulates companies must pay all outstanding fees before their compliance plans can be reviewed. Failure to comply will lead to immediate suspension and delisting procedures, emphasizing the importance of financial obligations to maintain listing standards.
Learn More⚖️SEC Amends Delegation of Authority for Investigative Orders
The Securities and Exchange Commission ("Commission") is amending its regulations with respect to the delegations of authority to the Director of the Division of Enforcement ("Director") to eliminate the delegation of authority to issue formal orders of investigation. Formal orders designate the enforcement staff authorized to issue subpoenas in connection with investigations under the Federal securities laws. This amendment is the result of the Commission's experience with its nonpublic investigations. The amendment is intended to increase effectiveness by more closely aligning the Commission's use of its investigative resources with Commission priorities.
Learn More📈SEC Rule 6h-1 Proposed Collection and Compliance Requirements
The Securities and Exchange Commission (SEC) is requesting comments on the proposed extension of information collection related to Rule 6h-1, which mandates compliance for trading security futures products. The rule establishes listing standards that prevent price manipulation and coordinate trading halts, impacting national exchanges and associated business operations.
Learn More📈FINRA Proposes Changes to IntelligentCross ATS Match Priority Criteria
The SEC announced a partial amendment regarding FINRA's proposed rule change to include IntelligentCross ATS in the Alternative Display Facility. This amendment involves modifying the match priority criteria to enhance the accessibility and efficiency of displayed liquidity, responding to concerns raised during the public comment period. The modifications aim to clarify trading processes and enhance competitive market practices.
Learn More📄SEC Designates Accenture for Lost and Stolen Securities Program
The Securities and Exchange Commission has designated an entity to maintain and operate the Lost and Stolen Securities Program.
Learn More📄SEC Notice on Information Collection for Qualitative Feedback
The SEC is soliciting comments for an extension to collect qualitative feedback regarding its service delivery. This feedback aims to enhance customer interactions and improve program management, although it will not produce statistically generalizable data. The initiative is part of the SEC's ongoing commitment to improve stakeholder communication and operational efficiency.
Learn More📈SEC Extends Review Period for Nasdaq's Trading Halt Rule Proposal
The Securities and Exchange Commission has issued a notice regarding Nasdaq's proposed rule change to introduce an optional trading halt functionality for Exchange-Traded Products on their launch day. This halt is intended to mimic the trading halts employed during initial public offerings, enhancing market oversight and product launch strategies. The SEC has extended the review period to allow for thorough consideration.
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