Dodd-Frank Broker-Dealer
SEC Approves T+2 settlement; Abides by T+4 settlement for Firm Commitment Deals
Broker-Dealer, Public Companies and Securities On February 10th, the SEC took action to formally approve of changes proposed by the NASDAQ Stock Market, NYSE MKT LLC, and New York Stock Exchange LLC’s, to shorten the standard settlement cycle for most broker-dealer transaction from three business days (T+3) to two business days (T+2). According to each of the releases (available here, […] Read more →
Trump Requires DOL to Reevaluate the Fiduciary Rule
Broker-Dealer, Investment Advisers, Trump Under current law, stockbrokers are only required to recommend suitable investments to their clients. The Department of Labor has issued a so called “fiduciary rule”... Read more →
SEC Simplifies Filing of Broker-Dealer Annual Reports on EDGAR
Broker-Dealer The SEC has previously provided guidance on the filing of annual and supplemental reports required under Rule 17a-5 or Rule 17a-12 by broker-dealers or over-the-counter... Read more →
Legislation Creating Small Business Advocacy within the SEC Heading to the President’s Desk
Broker-Dealer, Consumer Protection, Public Companies and Securities On December 10, the SEC Small Business Advocate Act was approved by the Senate, clearing the way for signature by the President. The measure, which creates an advocacy office for... Read more →