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In a letter filed today with the Securities and Exchange Commission, PTG expresses support for Nasdaq’s proposed rule change establishing a new continued listing requirement for companies whose market capitalization falls below $5 million. PTG agrees with Nasdaq’s view that such low valuations generally reflect more than temporary challenges and make continued listing on a national securities exchange inappropriate.

In the brief, filed today, PTG contends that the Securities and Exchange Commission’s (SEC) 2026 CAT funding order (the Order) should be set aside for three main reasons.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG supports FINRA’s proposal to expand the affiliate–principal transaction indicator so it also covers qualifying trades between member affiliates, arguing this is consistent with existing treatment of similar non-member affiliate trades.

Today, PTG submitted a comment letter to the Office of the Comptroller of the Currency (OCC) in response to the OCC’s proposed rule implementing the GENIUS Act for payment stablecoin issuers. While PTG supports the OCC’s broader goal of creating regulatory clarity for stablecoins, the letter urges the agency to reconsider proposed Rule 15.12(c), which would require a mandatory seven-day redemption delay whenever redemptions exceed 10 percent of outstanding issuance value in a 24-hour period. PTG argues that, rather than promoting financial stability, this automatic delay could undermine confidence in stablecoins and increase the risk of market disruption.

Today PTG submitted a letter to the Commodity Futures Trading Commission in response to the CFTC’s Advance Notice of Proposed Rulemaking on prediction markets. PTG’s letter supports a regulatory framework that protects market integrity while preserving the conditions needed for deep, competitive liquidity on U.S. venues, emphasizing that prediction markets can improve information aggregation, price discovery, and risk transfer when there is fair access to event-relevant information, neutral exchange governance, and clear settlement and dispute resolution processes.

In a letter filed with the Securities and Exchange Commission (SEC) today, PTG submitted comments on MEMX LLC’s application for temporary exemptive relief from aspects of Rule 610(c) of Regulation NMS. While PTG does not endorse every part of MEMX’s application, it supports the general request to extend certain compliance dates.