SEC adopts amendments to Financial Responsibility Rules for broker-dealers

The Securities and Exchange Commission (SEC) has announced the adoption of amendments to the Financial Responsibility Rules for broker-dealers, specifically the net capital, customer protection, books and records, and notification rules. The amendments are designed to better protect a broker-dealer’s customers and enhance the SEC’s ability to monitor and prevent unsound business practices. The amendments will take effect 60 days after their publication in the Federal Register.

Originally Published: 
31/07/2013