After a five-year quiet period on proposed amendments involvingnotification rules for broker-dealers, the Securities and ExchangeCommission is again seeking feedback.
|On May 3, the agency said it re-opened the public comment periodfor proposed amendments to its net capital, customer protection,and books and records for broker-dealers.
|The proposed amendments are designed to address several areas ofconcern regarding the financial requirements for broker-dealers,according to the SEC. They also would update the financialresponsibility rules and make certain technical amendments.
|The SEC said it issued the proposed amendments on March 9, 2007,and the public comment period on the proposal closed on June 18,2007.
|However, the agency did not act on the rule amendments. The SECsaid given economic events, regulatory developments, and passage oftime since then, as well as the continuing public interest in thisarea, it believes that it would be appropriate to seek additionalpublic comment on the proposed rule amendments.
|The comment period ends June 1.
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