Market regulation · 22/10/2013

SEC Issues Temporary Exemption for Broker-Dealers from New Amendments to Financial Responsibility Rules

The Securities and Exchange Commission (SEC) has issued an order temporarily exempting broker-dealers from certain new amendments to the Financial Responsibility Rules under the Securities Exchange Act of 1934. The exemption is intended to provide relief from the requirements of the new amendments, which were recently implemented to enhance the financial stability of the securities industry.