# 2026-22266: Nasdaq Opens More Disciplinary Decisions to Public View

2026-22266, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Revise Nasdaq's Interpretive Material, IM-8310-3, is a Federal Register notice from Securities and Exchange Commission published 2026-11-02, effective 2026-11-14; PRIA reads it as touching household money (as of 2026-11-03).

- Canonical: https://policyrisk.com/federal-register/2026-22266
- As of: 2026-11-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22266
- Title: Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Revise Nasdaq's Interpretive Material, IM-8310-3
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 68992
- Published: 2026-11-02
- Effective: 2026-11-14
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-03

## In one line

Nasdaq Opens More Disciplinary Decisions to Public View

## Summary

Nasdaq is updating its rules to share more info about disciplinary actions and eligibility decisions on its website, removing the $10,000 limit for public disclosures. This means anyone can see these updates starting November 14, 2026. Members and folks connected to Nasdaq who face these decisions will be more in the spotlight, making the market clearer and fairer for everyone.

## Effects PRIA read

- Nasdaq will post disciplinary complaints publicly: benefit, low. Nasdaq will publish copies of disciplinary complaints on its public website Nasdaq.com, including complaints issued by FINRA on Nasdaq's behalf. This change becomes operative on November 14, 2026 and replaces the prior practice of providing summaries or only providing copies on request.
- All disciplinary decisions will be posted (no $10,000 cutoff): benefit, low. Nasdaq will publish copies of disciplinary decisions on Nasdaq.com and will eliminate the current $10,000 monetary threshold below which it previously did not release such decisions. This change is operative November 14, 2026 and means decisions imposing monetary sanctions of any amount may be publ…
- Greater public scrutiny for members and associated persons: cost, medium. Because Nasdaq will publish copies of disciplinary decisions (including fines under $10,000) and complaints on Nasdaq.com as of November 14, 2026, members and associated persons subject to those actions will have that information publicly posted and more widely visible.
- Publication of eligibility and statutory-disqualification decisions: mixed, medium. Nasdaq will release to the public copies of statutory disqualification decisions, notifications, or notices issued pursuant to the Rule 9520 Series that will be filed with the Commission; this change is operative on November 14, 2026. The rule also provides for public release of eligibility decisio…
- Public notice of appeals for all disciplinary decisions: benefit, low. Nasdaq will provide public notice when any disciplinary decision (as defined in the rule) is appealed to the SEC or when a Commission decision is appealed to the courts, and will state whether the decision's effectiveness has been stayed. Nasdaq will post such notices on its publicly accessible web…

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## Sources
- [2026-22266 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/02/2026-22266/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-and-immediate)
- [2026-22266 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-02/pdf/2026-22266.pdf)

## Related
- [Previous: 2026-22265, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediat…](https://policyrisk.com/federal-register/2026-22265)
- [Next: 2026-22267, Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immedia…](https://policyrisk.com/federal-register/2026-22267)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22266 (as of 2026-11-03).