In 2019, the three largest American stock exchange groups, New York Stock Exchange (NYSE), Nasdaq, and Cboe (formerly known as the Chicago Board Options Exchange) sued their regulator, the Securities and Exchange Commission (SEC).1 The lawsuit was over the SEC’s Transaction Fee Pilot.2 The novelty of suing one’s own regulator was not lost on the…
Tag: NYSE
SEC Begins Evaluation of NYSE Proposal to List Bitcoin ETFs
In March 2018, the U.S. Securities and Exchange Commission (“SEC”) announced that it will begin proceedings to determine whether it will permit a NYSE Arca rule change proposal to list and trade two bitcoin-related exchange traded funds (ETFs). 1 In its review, the SEC will seek to determine the rule’s consistency with the Securities Exchange Act…