Search Results for keywords:"broker-dealer"

Found 2 results

Search Results: keywords:"broker-dealer"

💰 Only
Oldest Newest
  • 2024-29914 — Proposed Collection; Comment Request; Extension: Rule 15a-6
    💰
    Type:Notice
    Citation:89 FR 103032
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is requesting public comments on an existing rule, Rule 15a-6, which provides certain foreign broker-dealers with conditional exemptions from registering as a broker-dealer in the U.S. if they follow specific guidelines. This rule allows foreign broker-dealers to engage with U.S. institutional investors through registered U.S. broker-dealers. The SEC estimates that complying with this rule takes about 6,000 hours of work annually across approximately 2,000 broker-dealers, costing $1,000,000 in total. Public comments on the necessity and impact of this rule are welcomed until February 18, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that lets foreign businesses talk to U.S. investors without having to register in the U.S., as long as they follow certain rules. They say this takes a lot of work and money each year, and they want opinions on how useful the rule is.

  • 2024-29146 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 2.4(a)
    Type:Notice
    Citation:89 FR 100570
    Reading Time:about 16 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change filed by NYSE National, Inc. This change aims to clarify the process for a broker-dealer, which may be subject to a statutory disqualification, to become or remain an ETP Holder on the Exchange. The proposed amendments will align NYSE National’s rules with those of other exchanges and SEC regulations, ensuring a consistent process when dealing with statutory disqualifications. The notice invites public comments on this proposal, which seeks to improve transparency and efficiency in membership applications affected by such disqualifications.

    Simple Explanation

    The government wants to make sure everyone plays by the same rules when deciding if a company that helps people buy and sell stocks can join or stay in their group, even if that company has gotten in trouble before. They’re asking people what they think about these new rules to make things fair and clear.