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Aug 19, 2013

SEC Adopts Changes to Broker-Dealer Net Capital and Financial Responsibility Rules

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The US Securities and Exchange Commission recently adopted important changes to the financial responsibility rules for securities broker-dealers, including changes to the regulatory capital and regulatory reporting rules. The new rules include important regulatory capital changes in relation to acting as agent in securities lending, assumption of broker dealer expenses, and important new recordkeeping and reporting rules relating to compliance with risk mitigation and financial responsibility.

View full memo, "SEC Adopts Changes to Broker-Dealer Net Capital and Financial Responsibility Rules"

Authors and Contributors

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York