SEC Disapproves the Rulebook Filing by Boston Security Token Exchange (BSTX): Author – CFR

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TheTokenizer – On Friday December 18, 2020, the U.S. Securities and Exchange Commission (“SEC”) published an order disapproving the rulebook filing by the Boston Security Token Exchange LLC (“BSTX”). The filing proposed to adopt rules governing the trading of digital securities through BSTX as a facility of BOX Exchange, LLC (“BOX Exchange”).  In May of 2020, BSTX refiled the proposed rulebook for the trading of security tokens on a regulated exchange, which was then published by the SEC and opened to the public for comments.

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