Federal Register #SR-NASDAQ-2026-089

Nasdaq proposal to expand public access to disciplinary records

The Securities and Exchange Commission (SEC) notice concerns a proposed Nasdaq rule change, not a purchase of goods or services. - Government agency: SEC. - Filing organization: The Nasdaq Stock Market LLC (Nasdaq). - Proposed change: Expand public access on Nasdaq’s website to disciplinary complaints and decisions, including certain records issued by the Financial Industry Regulatory Authority (FINRA) on Nasdaq’s behalf. - Remove the existing $10,000 threshold for publishing disciplinary decisions. - Include temporary cease-and-desist decisions and orders, plus specified eligibility decisions involving members or associated persons previously subject to statutory disqualification. - Referenced organizations: FINRA and New York Stock Exchange LLC (NYSE); the proposal is modeled in part on their rules. - Procurement items: None; no products, services, quantities, or part numbers are requested.

Description

The Nasdaq Stock Market LLC filed a proposed rule change to amend IM-8310-3, providing for public release on its website of disciplinary complaints and disciplinary decisions. The proposal would eliminate the current $10,000 monetary threshold for publishing disciplinary decisions and provide for public release of specified eligibility decisions involving members or associated persons previously subject to statutory disqualification. The amendments are effective upon filing and designated to become operative on November 14, 2026.

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