Oct. 25, 2023
I approve this rule: Section 3(f) of the Exchange Act provides that when engaging in rulemaking that requires the Commission to consider or determine whether an action is necessary or appropriate in the public interest, to also consider, in addition to the protection of investors, whether the action will promote efficiency, competition, and capital formation. In those cases, stock exchanges will have to disclose pricing tiers and the number of exchange members who qualify for the SEC.