SEC Reopens Comment Period for Proposed Amendments to Its Net Capital, Customer Protection, Books and Records, and Notification Rules for Broker-Dealers

Jack Humphrey, Regulatory journalist
May 07, 2012 /

The Securities and Exchange Commission is re-opening the public comment period for proposed amendments to its net capital, customer protection, books and records, and notification rules for broker-dealers.

The proposed rule amendments are designed to update the financial responsibility rules for broker-dealers and make certain technical amendments. The SEC issued the proposed amendments on March 9, 2007, and the public comment period on the proposal closed on June 18, 2007.

The SEC did not act on the rule amendments it proposed in 2007. Given economic events, regulatory developments, and passage of time since then, as well as the continuing public interest in this area, the SEC believes that it would be appropriate to seek additional public comment on the proposed rule amendments.

Accordingly, the SEC is reopening the public comment period for 30 days.

 

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