{"id":1308,"date":"2013-09-02T12:50:20","date_gmt":"2013-09-02T12:50:20","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/09\/sec_votes_to_amend_brokerdeale"},"modified":"2022-03-10T16:38:22","modified_gmt":"2022-03-10T22:38:22","slug":"sec-votes-to-amend-brokerdeale","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-votes-to-amend-brokerdeale\/","title":{"rendered":"SEC Votes to Amend Broker-Dealer Financial Responsibility Rules"},"content":{"rendered":"

\t\t\t\tBy unanimous decision, the Securities and Exchange Commission has agreed to amendments to the Securities Exchange Act or 1934’s rules regarding customer protection, net capital, notification, and record books for broker-dealers. The regulator is seeking to enhance protections for investors and prevent business practices that are not sound. <\/p>\n

Under The Act, broker-dealers have to satisfy certain financial requirements so that customers are protected in the event of the firm’s financial failure. The Act offers safeguards so that customer funds and securities being held by a broker are protected. <\/p>\n

The Customer Protections Rule<\/strong><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By unanimous decision, the Securities and Exchange Commission has agreed to amendments to the Securities Exchange Act or 1934’s rules regarding customer protection, net capital, notification, and record books for broker-dealers. The regulator is seeking to enhance protections for investors and prevent business practices that are not sound. Under The Act, broker-dealers have to satisfy […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3801,3760,3741],"tags":[],"class_list":["post-1308","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-sec","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nSEC Votes to Amend Broker-Dealer Financial Responsibility Rules — Investor Lawyers Blog — September 2, 2013<\/title>\n<meta name=\"description\" content=\"By unanimous decision, the Securities and Exchange Commission has agreed to amendments to the Securities Exchange Act or 1934's rules regarding customer — September 2, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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