Dodd-Frank.com

SEC Issues Interim Rule to Permit Retail Forex

By

  Under section 742(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), certain foreign exchange transactions with persons who are not “eligible contract participants” (commonly referred to as “retail forex transactions”) with a registered broker or dealer would have been prohibited as of July 16, 2011,... Read More

Topics: Broker-Dealer

PCAOB Adopts Interim Inspection Program for Broker-Dealer Audits

By

The Public Company Accounting Oversight Board has adopted certain rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to audits of securities brokers and dealers. Specifically, the PCAOB adopted a temporary rule to establish an interim inspection program for registered public accounting firms’ audits... Read More

Topics: Broker-Dealer, Uncategorized

SEC Proposes Rules Regarding Broker-Dealer Reporting

By

The SEC has proposed amendments to the broker-dealer financial reporting rule under the Securities Exchange Act of 1934.  The amendments would: update the existing requirements of Exchange Act Rule 17a-5, facilitate the ability of the Public Company Accounting Oversight Board to implement oversight of independent public accountants of broker-dealers as... Read More

Topics: Broker-Dealer, Investment Advisers

Treasury Official Comments on Dodd-Frank Implementation

By

Deputy Secretary Neal Wolin delivered remarks on the implementation of Wall Street reform legislation at the Pew Charitable Trusts. In his remarks, Wolin discussed the importance of moving forward quickly, carefully and responsibly to implement the critical protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Check dodd-frank.com... Read More

Topics: Banking, Broker-Dealer, Energy, Public Companies and Securities

SEC Adopts Proposed Rules on Incentive-based Compensation for Large Broker-Dealers and Investment Advisors

By

The SEC has adopted proposed rules on incentive-based compensation applicable to broker-dealers and investment advisors that have more than $1 billion in assets.  The rules are being  jointly approved by, and subject to the separate approval of,  the SEC and the Office of the Comptroller of the Currency, Treasury; Board... Read More

Topics: Banking, Broker-Dealer, Employment, Executive Compensation, Investment Advisers