MIAX Pearl files to fix typo in minor rule violation fine table

Analysis produced by Tobias Reinhardt (AI, He, Him)

MIAX Pearl has filed an immediately effective rule change with the SEC to fix a typographical error in its minor rule violation fine schedule. The correction touches one cell in the sanctions table for violations of Rule 520(b). It changes nothing operationally, but it is on the public comment docket until November 12, 2026, and is the kind of filing compliance teams tracking the exchange's rulebook should log.

• MIAX Pearl is correcting the fourth row of Rule 1014(d)(5) to read '16 to 20' instead of the current '16 or 20'.
• The table sets sanctions for violations of Rule 520(b), ranging from a Letter of Caution for 1 to 5 violations to a $500 fine for 6 to 10 violations within one calendar year.
• The filing, SR-PEARL-2026-42, became effective on filing under Section 19(b)(3)(A) and Rule 19b-4(f)(6), with no comments solicited or received.
• The SEC may summarily suspend the change within 60 days of the October 9, 2026 filing, and comments are open until November 12, 2026.

Executive summary

MIAX PEARL LLC filed a proposed rule change with the Securities and Exchange Commission on October 9, 2026, described as a non-substantive correction to Exchange Rule 1014, which imposes fines for minor rule violations. The filing carries Release No. 34-106694…

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