Securities and Exchange Commission (SEC)

Money Moves

Approved the IPO on September 5

Aliko Dangote signed the registration documents for his refinery's initial public offering on September 7, the last step before Africa's largest share sale opens September 14. The offer runs to October 13, with a minimum purchase of 10 shares for 5,250 naira, about $4, so small Nigerian savers can take part.

Updated 5 days ago

Rule Changes

Approving exchange fee changes under immediate effectiveness provisions

Options exchanges are locked in a chaotic race to recalibrate fees as their regulatory costs collide with record trading volumes. Cboe doubled its Options Regulatory Fee to $0.0002 per contract on January 2, 2026, while NYSE slashed its fee from $0.0038 to $0.0026. The whipsaw reflects a deeper crisis: exchanges collect fees based on all customer options trades cleared industrywide, not just trades on their own platforms, creating unpredictable revenue swings.

Updated May 19