Federal Register #SR-24X-2026-24

Notice of Proposed Rule Change by 24X National Exchange LLC Clarifying FINRA Disciplinary Functions

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by 24X National Exchange LLC. - The rule change aims to clarify that FINRA's Office of Disciplinary Affairs may perform disciplinary and adjudication functions for the Exchange under a regulatory services agreement. - The amendment is designed to increase transparency and clarify the disciplinary jurisdiction between the Exchange and FINRA. - No products, services, OEMs, or vendors are being procured or requested. - The notice is a request for public comments on the proposed rule change. - There are no unique procurement requirements, purchase quantities, or technical specifications involved.

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by 24X National Exchange LLC. The rule change aims to amend Rule 8.1(d) to clarify certain disciplinary functions performed by FINRA's Office of Disciplinary Affairs. The amendment specifies that FINRA, under a regulatory services agreement, may perform adjudication functions on behalf of the Exchange. The proposal is intended to increase transparency and clarity regarding disciplinary jurisdiction and is effective immediately.

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