Nasdaq Tweaks Disciplinary Rule—SEC Says Okay
Published Date: 9/4/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Nasdaq Staff Can Start Summary Proceedings
If you are a Nasdaq member or a person subject to Nasdaq's rules, Nasdaq's Regulation Department staff — not just FINRA staff — may now issue a written notice that starts a summary proceeding. This change became operative when the rule was filed on August 31, 2026, and the Nasdaq Chief Regulatory Officer still must provide written authorization before a summary notice is issued.
Faster Investor Protections Through Quicker Enforcement
If you are an investor or a market participant, Nasdaq can now have its Regulation Department staff issue written notices to start summary proceedings, which the Exchange says will help avoid unnecessary delays and expedite time-sensitive actions. The change took effect when Nasdaq filed the rule on August 31, 2026, and procedural protections like the seven-day hearing request deadline remain the same.
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