Markets
SEC opens five-year window for tokenized stock venues
The SEC has issued a five-year Innovation Exemption allowing Tokenized Securities Venues to trade tokenized NMS stocks under specific conditions until September 17, 2031.
Tag
hester m. peirce
Analysis
SEC targets shareholder proposal rule, shifting fight toward states
The SEC proposed rescinding Rule 14a-8, removing the federal path for shareholder proposals and giving companies more discretion over proxy voting, while cutting a broker-search window by 75%.
Analysis
SEC proposes scrapping adviser pay-to-play rule
The SEC has proposed rescinding Rule 206(4)-5, which currently bars investment advisers from receiving compensation for two years if they make political contributions above a de minimis threshold.
