What is 'SEC Form 19b-4'

SEC Form 19b-4 is a form that is used to inform the Securities and Exchange Commission (SEC) of a proposed rule change by a self-regulatory organization (SRO) pursuant to Rule 19b-4 under the Securities Exchange Act of 1934.

A self-regulatory organization is a non-governmental body which exercises some degree of regulatory authority over an industry or profession. Examples of SROs in the financial industry would include stock exchanges such as the New York Stock Exchange or NASDAQ, registered clearing agencies such as The Depository Trust & Clearing Corporation, and the Municipal Securities Rulemaking Board.

BREAKING DOWN 'SEC Form 19b-4'

Self-regulatory organizations are required to file SEC Form 19b-4 with the SEC before making any changes to its rules, specifically with regard to trading rules. In the filing, the SRO must justify the new rules to SEC staff, making clear that the rule change supports fair trading markets, and provides investor protections and requisite oversight procedures. A public comment period follows each 19b-4 filing whereby other exchanges and the public can voice support or opposition to the proposed rule change. All 19b-4 filings are made available on the SEC's Electronic Document Gathering, Analysis and Retrieval (EDGAR) system. Once the form is officially filed, the SEC review and approval or denial can take 90 to 270 days. The SEC staff will reject 19b-4 filings if any of the required information is excluded from the final filing.

RELATED TERMS
  1. SEC Form PILOT

    SEC Form PILOT is a filing with the SEC by self-regulatory organizations ...
  2. SEC Form 1

    SEC Form 1 is an application for, or amendments to, registration ...
  3. SEC Form 18-K

    SEC Form 18-K is a filing with the SEC used to provide an update ...
  4. SEC Form 10-QSB

    SEC Form 10-QSB was an abbreviated version of the 10-Q form that ...
  5. SEC Form 19b-4(e)

    SEC Form 19b-4(e) is a filing by self-regulatory organizations ...
  6. SEC Form S-2

    SEC Form S-2 is a form from the Securities and Exchange Commission ...
Related Articles
  1. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  2. Investing

    An Overview of the SEC's New Mutual Fund Rules

    The SEC has released new liquidity rules for mutual funds aimed at reducing risk.
  3. Financial Advisor

    A Review of SEC Enforcement Cases in 2016

    The SEC set a new record in 2016 for the number of enforcement actions it brought.
  4. Tech

    How the Actions of the SEC Impact Cryptocurrency Prices

    Cryptocurrencies are characterized by volatility, and the SEC seems to be a contributing factor.
  5. Financial Advisor

    Reforming the Fiduciary Standard

    Although the fiduciary rule is gone, implementation of an industry-wide fiduciary standard remains a priority for many in the financial sector.
  6. Investing

    What Does the SEC Suspension of Bitcoin Investment Products Mean?

    In September, the SEC suspended trades related to bitcoin and ethereum. What does this signal for the cryptocurrency industry more broadly?
  7. Tech

    Why Did Several Potential Bitcoin ETFs Back Out?

    SEC pushback prompted several firms to halt their bitcoin ETF application process.
RELATED FAQS
  1. How does FINRA differ from the SEC?

    Discover how Securities and Exchange Commission (SEC) is different from the Financial Industry Regulatory Authority (FINRA) ... Read Answer >>
  2. What are unregistered securities or stocks?

    Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must be registered with ... Read Answer >>
  3. What are the disclosure requirements for a private placement?

    Learn about the SEC rules for disclosure requirements in private placement offerings, and understand what type of information ... Read Answer >>
  4. Are hedge funds registered with the Securities and Exchange Commission (SEC)?

    Learn the conditions that require hedge fund advisors to register with the U.S. Securities and Exchange Commission. Read Answer >>
Trading Center