📈New Generic Listing Standards for Commodity-Based Trust Shares
The SEC published a notice regarding the Nasdaq's proposed amendment to adopt generic listing standards for Commodity-Based Trust Shares. This change allows for efficient listing and trading of exchange-traded products that hold various commodities without the need for separate regulatory filings for each product, thereby streamlining market operations.
Learn More💵Cboe BZX Proposes New Fee Schedule for Low-Priced Securities
The Cboe BZX Exchange has filed a proposed rule change to amend its fee schedule by introducing a new additive rebate for orders involving securities priced below $1.00. This change aims to enhance competitiveness and liquidity on the exchange, responding to a highly competitive trading environment while supporting its overall pricing philosophy.
Learn More🎁FINRA Proposes Increasing Gift Limit from $100 to $300
The Securities and Exchange Commission published a notice regarding FINRA's proposed amendment to Rule 3220, which seeks to increase the gift limit from $100 to $300 per person per year. The amendment also introduces provisions for exemptive relief, codifies existing guidance, and aligns the rule with better business practices to avoid conflicts of interest in the financial sector.
Learn More📈Cboe BZX Regulation Change
Cboe BZX Exchange has filed a proposed rule change to amend its Rule 11.23, which would allow extending the Quote-Only Period for an IPO Auction when a Derivative Security does not meet listing requirements. This enhancement aims to clarify the Exchange's discretion in maintaining market integrity and compliance for new securities.
Learn More📈SEC Notice on PennantPark Enhanced Income Fund Exemption Application
The Securities and Exchange Commission (SEC) has issued a notice regarding an application by PennantPark Enhanced Income Fund for exemptions under the Investment Company Act. The application seeks to allow certain investment companies to issue multiple classes of shares while imposing asset-based fees and early withdrawal charges. Interested parties can request a hearing by a specified deadline.
Learn More📈Nasdaq MRX Amendments to Complex Price Improvement Mechanism
The Securities and Exchange Commission has published a notice regarding Nasdaq MRX's proposal to amend the Complex Price Improvement Mechanism, impacting the execution process for Agency Complex Orders. Key changes involve pricing execution requirements and definitions aimed at enhancing market efficiency and investor protection, alongside other regulatory updates.
Learn More📈SEC Rule 15c3-5 Compliance Requirements for Brokers
The SEC is seeking an extension for information collection under Rule 15c3-5, which mandates brokers to implement and document risk management controls and procedures. This includes annual certifications from executives, comprehensive documentation, and regular reviews to manage the financial risks of trading activities effectively. Compliance with this rule is essential for broker-dealers accessing exchanges or alternative trading systems.
Learn More📈Nasdaq ISE Proposes Amendments to Complex Price Improvement Mechanism
The Securities and Exchange Commission has published a notice regarding Nasdaq ISE's proposed rule change to amend the Complex Price Improvement Mechanism and related options trading sections. The amendments focus on execution protocols, order definitions, and adjustments to risk protections, with the aim of enhancing clarity and functionality in market operations.
Learn More💰IEX Proposes Fee Increase for Order Entry Ports
The SEC has published a notice regarding IEX's proposed rule to modify its fee schedule, specifically addressing the fees for logical order entry ports. The changes involve an increase in monthly fees and a reduction in the number of free ports available to members, effective October 1, 2025, subject to SEC approval.
Learn More🏛️SEC Sunshine Act Meeting on Compliance and Investor Claims
The Securities and Exchange Commission will hold an Open Meeting to discuss matters including amendments to Form PF and a policy statement on arbitration provisions for investor claims under federal securities laws. This meeting will be open to the public and available via webcast, emphasizing transparency in regulatory proceedings.
Learn More