# 2025-08550: NYSE Texas Cracks Down on Sneaky Trading Secrets

2025-08550, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt New Rule 11.30, is a Federal Register notice from Securities and Exchange Commission published 2025-05-15, effective 2025-05-02; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-08550
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08550
- Title: Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt New Rule 11.30
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 20715
- Published: 2025-05-15
- Effective: 2025-05-02
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

NYSE Texas Cracks Down on Sneaky Trading Secrets

## Summary

NYSE Texas just rolled out a new rule, 11.30, to stop people from using secret, important info unfairly in trading. This affects all traders and firms on the exchange and kicks in right away with no extra fees. It’s a smart move to keep trading fair and square starting May 2, 2025.

## Effects PRIA read

- Exchange requires written insider-use policies: cost, medium. If you are a Participant on NYSE Texas, the new Rule 11.30 requires your firm to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material, non-public information. The rule also requires that any Participant or Associated Person who becom…
- Late filing penalty: $500 per occurrence: cost, medium. Participants for whom the Exchange is the Designated Examining Authority and who must file Form X-17A-5 must also file contemporaneous compliance acknowledgments under Rule 11.30. Any Participant who fails to file a compliance acknowledgment form in a timely manner will be charged a $500.00 late fi…
- Attestations, records, and quarterly account reviews required: cost, medium. Rule 11.30 requires Participants to advise Associated Persons in writing of the prohibition on misuse, obtain signed attestations from Associated Persons, and retain those attestations for at least three years (with the first two years in an easily accessible place). Participants must keep trade co…
- Market makers face extra safeguards for listed products: cost, low. Participants acting as registered Market Makers in products listed under Exchange Rules 5 and 8, and their affiliates, must also establish, maintain, and enforce written policies reasonably designed to prevent misuse of material, non-public information about those products, related components, unde…
- Investor protection and market confidence strengthened: benefit, medium. The Exchange states that Rule 11.30 is designed to prevent fraudulent and manipulative acts, promote just and equitable trading, and protect investors and the public interest by setting rules to guard against misuse of material, non-public information. The Exchange and the Commission implemented th…

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## Sources
- [2025-08550 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/15/2025-08550/self-regulatory-organizations-nyse-texas-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-08550 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-15/pdf/2025-08550.pdf)

## Related
- [Previous: 2025-08549, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a…](https://policyrisk.com/federal-register/2025-08549)
- [Next: 2025-08551, Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effecti…](https://policyrisk.com/federal-register/2025-08551)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-08550 (as of 2026-06-08).