SEC Approves Minor Rule Violation Plan for ISE Mercury, LLC
[This plan] provides a reasonable means of addressing violations that do not rise to the level of requiring formal disciplinary proceedings, while providing greater flexibility in handling certain violations.
SEC Order Declaring Effectiveness of Plan
[This plan] provides a reasonable means of addressing violations that do not rise to the level of requiring formal disciplinary proceedings, while providing greater flexibility in handling certain violations.
SEC Order Declaring Effectiveness of Plan
The SEC approved a minor rule violation plan ("MRVP") for ISE Mercury, LLC (the "Exchange") that grants discretion to the Exchange to impose a maximum fine of up to $2,500 for rule violations specified in Exchange Rule 1614(d). In lieu of requiring the Exchange to report any final disciplinary action promptly, the MRVP permits the Exchange to provide the SEC with a quarterly report that describes, among other things, any actions taken on minor rule violations, the corresponding sanctions imposed, and the date of such dispositions.