Texas Exchange Creates Plan for Tiny Rule Breaks
Published Date: 6/30/2026
Notice
Summary
The Texas Stock Exchange (TXSE) just got the green light to use a Minor Rule Violation Plan that lets them handle small rule breaks with fines up to $2,500 without rushing to report each one immediately. This means TXSE can now report these minor slip-ups to the SEC every three months instead of right away, making things smoother and faster for everyone involved. Traders and firms on TXSE should keep an eye on this new, quicker way of handling small rule issues starting now!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Exchange can fine minor rule breaks
The Texas Stock Exchange can impose fines of up to $2,500 for listed "minor" rule violations under its Minor Rule Violation Plan. These fines can be applied to Members, associated persons of Members, and registered or non-registered employees of a Member.
Paying fine waives disciplinary rights; contest option
If you pay a fine under TXSE Rule 8.015, that payment is treated as a waiver of your right to a formal disciplinary proceeding and appeals. A person may instead contest the finding by filing a written response with the Exchange no later than the contest date, which the Exchange sets at not less than 15 business days after service.
Quarterly instead of prompt SEC reporting
Violations resolved under the Plan will not be promptly reported to the SEC under Rule 19d-1(c)(1); the Exchange will instead provide notice of such violations to the Commission on a quarterly basis. The quarterly reports will include case file number, name, nature of the violation, rule cited, fine imposed, number of occurrences, and disposition date.
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