The SEC set a comment deadline of January 5, 2024 for a proposed rule that would prohibit national securities exchanges from offering volume-based transaction pricing. The comment deadline was published in the Federal Register.
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The SEC proposed a rule that would prohibit national securities exchanges from offering volume-based transaction pricing to broker-dealers executing agency or riskless principal orders in NMS stocks.
SEC Commissioner Caroline A. Crenshaw recommended additional regulation on the fixed income and options markets.
SEC Commissioner Hester Peirce urged the SEC to (i) more carefully analyze the definitions of the terms "facility" and "exchange" in the Exchange Act, (ii) develop related guidance and (iii) solicit public comment on current guidance.
An SEC final rule rescinding a national market system plan exception that allows fee changes to go into effect upon filing with the SEC was published in the Federal Register.