Federal Register #SR-MEMX-2026-18

SEC Notice: Proposed Rule Changes by MEMX LLC and FINRA

This notice from the Securities and Exchange Commission (SEC) details proposed rule changes by MEMX LLC and FINRA: - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors Mentioned: - MEMX LLC (self-regulatory organization and equities exchange) - FINRA (Financial Industry Regulatory Authority) - Products/Services Requested: - No physical products or purchase quantities are requested - Services/Actions: - MEMX LLC proposes to: - Remove expired criteria under Liquidity Provision Tier 2 - Increase fees for retail orders under $1.00 that remove liquidity (Retail Sub-Dollar Liquidity Removal Tier 1) - Eliminate the Tape A Liquidity Removal Tier - FINRA proposes to: - Exempt specified collective trust funds (CTFs) from certain rules restricting IPO purchases, expanding investment options for retirement plans - Unique or Notable Requirements: - The notice is regulatory in nature and does not solicit bids or proposals - Focus is on amending fee schedules and regulatory exemptions to enhance market competitiveness and access - No procurement of goods or services is involved

Description

The Securities and Exchange Commission (SEC) has filed a notice regarding a proposed rule change by MEMX LLC to amend its fee schedule. The proposed changes include removing an expired criteria under Liquidity Provision Tier 2, increasing the fee charged for executions of Retail Orders in securities priced below $1.00 per share that remove liquidity from the Exchange under the Retail Sub-Dollar Liquidity Removal Tier 1, and eliminating the Tape A Liquidity Removal Tier. The rule change is effective immediately upon filing and aims to enhance liquidity and market quality on the Exchange while maintaining competitive pricing.

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