2025-00889NoticeWallet

Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the LTSE Fee Schedule

Published Date: 1/16/2025

Notice

Summary

The Long-Term Stock Exchange is changing its fees and rebates for stocks priced under $1 that trade on its platform. These updates started on December 12, 2024, and affect traders dealing with these low-priced stocks. The SEC is now asking for public feedback but the new fees are already in action!

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

LTSE changes fees for sub-$1 stocks

The Long-Term Stock Exchange changed the fees and rebates that apply to transactions in securities priced below $1.00 per share ("Sub-Dollar Securities") that are executed on the Exchange, and those changes were implemented on December 12, 2024. The Securities and Exchange Commission is soliciting public comments on the filing, with submissions requested on or before February 6, 2025.

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Key Dates

Effective Date
Published Date
12/12/2024
1/16/2025

Department and Agencies

Department
Independent Agency
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