Cboe EDGX Exchange Rule Changes for Trading Halts
The SEC has published a notice regarding Cboe EDGX Exchange's proposed rule changes concerning regulatory and operational trading halts. These changes aim to integrate definitions from the amended CTA/CQ Plan and reorganize existing rules.
SEC Notice: Dawson Private Markets Evergreen Fund and Dawson Partners Filing
The Securities and Exchange Commission (SEC) has issued a notice regarding a filing by Dawson Private Markets Evergreen Fund and Dawson Partners (US) Inc. The filing relates to an application under the Investment Company Act of 1940.
Cboe EDGA Exchange Inc. Proposed Rule Change on Trading Halts
The SEC has published a notice of a proposed rule change by Cboe EDGA Exchange Inc. regarding trading halts. The proposed changes aim to adopt new rules for regulatory and operational trading halts, integrate definitions from the CTA/CQ Plan, and reorganize related rules.
SEC Proposed Collection Comment Request for Rule 17a-2 Extension
The Securities and Exchange Commission (SEC) has issued a notice requesting public comment on the extension of an existing information collection requirement under Rule 17a-2. This notice pertains to OMB Control No. 3235-0201 and seeks feedback on the continued necessity and burden of the rule.
Nasdaq PHLX Proposed Rule Change on Options Transaction Charges
Nasdaq PHLX LLC has filed a proposed rule change with the SEC to amend its Options 7 fee schedule. The proposal includes a surcharge on certain floor transactions for Lead Market Makers and Market Makers, and a corresponding rebate for Floor Brokers. The SEC is soliciting public comments on this proposal.
SEC Notice: 24X National Exchange LLC Proposed Rule Change on Fees
The SEC has published a notice regarding a proposed rule change by 24X National Exchange LLC concerning initial fees and rebates for retail orders. The proposal outlines a Maker-Taker model with specific per-share fees for removing liquidity and rebates for adding liquidity.
SEC Approves LCH SA Rule Changes on Risk and Policy
The SEC has approved rule changes filed by LCH SA, a registered clearing agency, concerning six key risk policies. These policies, including Default Management, Investment Risk, and Liquidity Risk, are designed to enhance LCH SA's operational framework and ensure compliance with relevant regulations.
MEMX LLC proposes rule changes for equities transaction pricing
MEMX LLC has filed a proposed rule change with the SEC to amend its equities transaction pricing schedule. The changes involve additions and amendments to Step-Up tiers and modifications to the criteria for Liquidity Provision Tier 2. The SEC is seeking public comments on this proposal.
SEC: BOX Exchange LLC Proposed Rule Change for Options Regulatory Fee
The SEC is seeking comments on a proposed rule change by BOX Exchange LLC to amend its Options Regulatory Fee (ORF) methodology. The proposed change would assess ORF only for on-exchange transactions, shifting from the current broader assessment. This filing is a proposal, with potential implementation on July 1, 2026, contingent on other exchanges adopting similar changes.
SEC Chairman Atkins on Crypto Asset Token Safe Harbor
SEC Chairman Atkins announced new guidance on crypto assets, establishing four categories not deemed securities. This interpretation aims to provide clarity on when crypto assets implicate federal securities laws, focusing on digital securities and investment contracts.
SEC Director Clarifies Howey Test for Crypto Assets
SEC Director James Moloney provided a statement clarifying the application of the Howey test to crypto assets. The statement explains how the 80-year-old legal standard for identifying investment contracts remains relevant in the context of modern digital assets.
SEC bars Stuart Frost from investment adviser association
The SEC has instituted administrative proceedings against Stuart Frost, barring him from associating with investment advisers. This action follows a civil judgment finding Frost violated the Investment Advisers Act of 1940 by defrauding investors of over $14 million through undisclosed fees.
SEC Reinstatement Order for Accountant Daniel Urness, CPA
The SEC issued an order reinstating Daniel Urness, CPA, to practice before the Commission as an accountant. This follows a prior suspension order due to violations related to his role as CFO of Cavco Industries, Inc.
SEC Clarifies Securities Laws for Crypto Assets
The SEC, joined by the CFTC, issued an interpretation clarifying the application of federal securities laws to crypto assets. The guidance provides a token taxonomy and addresses how crypto assets may become subject to or cease to be subject to investment contracts, impacting various crypto transactions.
SEC Publishes Data on Offerings, Advisors, Agents, Swap Dealers
The SEC's Division of Economic and Risk Analysis has published a report on security-based swap dealers and updated data visualizations for various market activities in 2025. The updates include statistics on IPOs, registered offerings, municipal advisors, and swap dealers, aiming to increase transparency for investors and issuers.
SEC Obtains Final Judgment Against Bin Hao in Ponzi Scheme
The SEC announced a final judgment against Bin Hao for his role in an alleged Ponzi scheme that targeted Chinese Americans. Hao was ordered to pay over $2.2 million in disgorgement, prejudgment interest, and a civil penalty.
SEC v. J. Bernard Rice - Final Judgment for Securities Violations
The SEC has filed a final judgment against J. Bernard Rice for violations of securities laws, including Section 10(b) of the Exchange Act and Section 17(a) of the Securities Act. The judgment permanently enjoins Rice from further violations and restricts his participation in the issuance or sale of securities.
SEC Obtains Final Consent Judgment Against J. Bernard Rice
The SEC announced a final consent judgment against J. Bernard Rice, an alleged former executive of cannabis company American Patriot Brands, Inc. The judgment includes permanent injunctions, a five-year officer and director bar, disgorgement of $581,000 plus interest, and a civil penalty of $236,451.
SEC Charges Former Doximity CRO with Insider Trading
The SEC filed settled insider trading charges against Paul W. Jorgensen, former Chief Revenue Officer of Doximity, Inc. The charges allege unlawful trading based on material nonpublic information, resulting in approximately $2.5 million in profits and losses avoided. Jorgensen consented to a settlement including permanent injunctions and an officer/director bar.
SEC charges Paul Jorgensen with Doximity insider trading
The SEC has charged Paul W. Jorgensen, former Chief Revenue Officer of Doximity, Inc., with insider trading. The complaint alleges that Jorgensen traded on material nonpublic information ahead of two earnings calls, resulting in approximately $2,532,775 in profits and avoided losses.
SEC v. Bin Hao - Final Judgment Entered
The SEC announced the final judgment entered in the case of SEC v. Bin Hao. This action, filed in the Southern District of Florida, concludes the SEC's litigation against the defendant. The judgment imposes specific terms and penalties.
SEC Interpretive Release on Crypto Assets and Securities Laws
The SEC has issued an interpretive release clarifying the application of federal securities laws to crypto assets and related transactions. This guidance aims to provide clarity for market participants regarding the classification and regulation of digital assets under existing securities frameworks.