The SEC approved a minor rule violation plan ("MRVP") for ISE Mercury, LLC (the "Exchange") that grants discretion to the Exchange to impose a maximum fine of up to $2,500 for rule violations specified in Exchange Rule 1614(d). In lieu of requiring the Exchange to report any final disciplinary action promptly, the MRVP permits the Exchange to provide the SEC with a quarterly report that describes, among other things, any actions taken on minor rule violations, the corresponding sanctions imposed, and the date of such dispositions.
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