Federal Register #4897

SEC Review of Texas Stock Exchange LLC Minor Rule Violation Plan

This notice concerns the Securities and Exchange Commission's (SEC) review of a proposed Minor Rule Violation Plan (MRVP) submitted by Texas Stock Exchange LLC. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - Texas Stock Exchange LLC (the only entity referenced) - Products/Services Requested: - No products or services are being procured; this is a regulatory filing, not a procurement - Notable Requirements: - The MRVP proposes sanctions up to $2,500 for specific rule violations - Seeks relief from prompt reporting, proposing quarterly reporting to the SEC - Covered violations include: - Failure to submit trading data timely - Short sale order identification - Compliance with locked and crossed market rules - Communications with the public - Failure to properly display limit orders - Market Maker requirements for continuous two-sided quotations - Compliance with Consolidated Audit Trail rules - The SEC is soliciting public comments and may impose additional terms or restrictions - No procurement, contract, or award is involved; this is a regulatory process

Description

This notice from the Securities and Exchange Commission announces the filing of a proposed minor rule violation plan by the Texas Stock Exchange LLC. The plan includes sanctions not exceeding $2,500 for certain specified rule violations and requests relief from prompt reporting requirements, with quarterly reporting to the Commission instead. The plan covers violations such as failure to submit trading data timely, short sale order identification, compliance with locked and crossed market rules, and others as specified in TXSE rules. The Exchange seeks approval for the plan and any future modifications to be deemed part of the plan. Comments on the proposal are invited until May 22, 2026.

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