Federal Register #2026-13114

SEC Approves Minor Rule Violation Plan for Texas Stock Exchange LLC

This opportunity involves the Securities and Exchange Commission (SEC) declaring effective a Minor Rule Violation Plan (MRVP) for Texas Stock Exchange LLC (TXSE). - Government Buyer: - Securities and Exchange Commission (SEC) - Texas Stock Exchange LLC (TXSE) as the regulated entity - No OEMs or vendors are involved; this is a regulatory action, not a procurement - Products/Services Requested: - No products or services are being procured - Notable Requirements: - TXSE can address certain minor rule violations with sanctions up to $2,500, avoiding formal disciplinary proceedings - Covered violations include trading data submission, short sale order identification, locked and crossed market rules, communications with the public, display of limit orders, market maker quotation requirements, and compliance with Consolidated Audit Trail rules - TXSE must provide quarterly reports to the SEC detailing actions taken under the MRVP - Individuals may contest fines, triggering formal disciplinary proceedings - TXSE may aggregate similar violations for reporting purposes

Description

This notice announces the declaration of effectiveness of a minor rule violation plan (MRVP) filed by the Texas Stock Exchange LLC with the Securities and Exchange Commission. The MRVP specifies certain rule violations with sanctions not exceeding $2,500 and allows the Exchange to impose fines without formal disciplinary proceedings for minor violations. The plan includes quarterly reporting to the Commission on minor rule violations. The MRVP aims to improve enforcement efficiency while maintaining regulatory oversight.

View original listing