IEX drops proposal for startup LTSE to run listings on its exchange [Reuters (UK)]
Wynn Resorts, Limited (WYNN)
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Source: Reuters
IEX drops proposal for startup LTSE to run listings on its exchange | Reuters 3 Min Read NEW YORK (Reuters) - Stock exchange operator IEX Group has withdrawn a stalled proposal with U.S. regulators for a new corporate listings program in partnership with a Silicon Valley-based startup aimed at promoting long-term growth ahead of short-term profits. IEX, which in March asked the U.S. Securities and Exchange Commission to let the Long-Term Stock Exchange (LTSE) run an independent listings program on IEX’s Investors’ Exchange, withdrew the proposal in a letter to the SEC dated Aug. 15. SEC staff initially approved the LTSE plan on June 29. But in a setback to both IEX and LTSE, the regulator stayed the approval indefinitely on the same day, pending further review. “After consulting with LTSE and other stakeholders, IEX decided to withdraw the filing, and we are now discussing next steps,” IEX spokeswoman Sara Forster said in an email on Thursday. “IEX continues to support LTSE’s mission.
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WYNN
News
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WYNN
Earnings
- 2/7/24 - Beat
WYNN
Sec Filings
- 3/20/24 - Form ARS
- 3/20/24 - Form DEF
- 3/20/24 - Form DEFA14A
- WYNN's page on the SEC website