MX2 LLC Eases Rules for Members Quitting the Exchange
Published Date: 5/11/2026
Notice
Summary
MX2 LLC is making it easier for members to quit their membership by simplifying the rules around voluntary termination. This change affects current members who want to leave the Exchange and takes effect immediately, with no extra costs involved. It’s a smooth move to help members exit without hassle and keep things clear and simple.
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Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Quit Even If Under Investigation
If you are a Member of MX2, you may voluntarily terminate your membership even if there is an ongoing investigation or disciplinary proceeding. MX2 keeps disciplinary jurisdiction over matters that occurred before termination if it gives written notice of an inquiry within one year of receiving your written notice of termination.
Broader Financial & Filing Conditions
Before a voluntary termination takes effect, a Member must make any outstanding filings required under the Rules and pay any outstanding fees, assessments, charges, fines, or other amounts due to the Exchange, the Commission, or the Securities Investor Protection Corporation (SIPC). This expands the prior requirement that only indebtedness to the Exchange be paid in full.
30-Day Waiting Period Removed
MX2 removed the rule that a voluntary termination would not take effect until 30 days after a Member satisfied the listed conditions. That means your termination can become effective sooner once MX2 verifies you met the required conditions.
Board Can No Longer Fast-Track Resignations
MX2 removed the provision that allowed the Board to declare a Member's resignation effective at an earlier time. That Board override is no longer part of Rule 2.8.
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