{"id":5624,"date":"2014-06-12T00:00:00","date_gmt":"2014-06-12T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/06\/regulator_headlines_sec_commis"},"modified":"2022-03-11T13:12:00","modified_gmt":"2022-03-11T19:12:00","slug":"regulator-headlines-sec-commis","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/","title":{"rendered":"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, &#038; CFTC Appoints New Enforcement Head"},"content":{"rendered":"\n<p><strong>SEC Commissioner Wants Big Broker-Dealers To Hold More Capital<\/strong><\/p>\n<p>Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its capital rules for large brokerage firms so that they would be required to hold more capital in the event of a funding crisis. Stein wants the regulation to better factor the risk involved in short-term funding markets on which brokers depend. She also would like the latter to protect against failures that could upset the financial system.<\/p>\n<p>Right now, the SEC is looking at new funding rules for brokers and placing limits on leverage, not unlike what regulators require for banks. However, Stein believes that the agency\u2019s current approach, which is to protect customers but without considering how to keep companies in operation, needs work. The SEC Commissioner believes that the agency\u2019s capital rules for big brokers should be based on preventing the failure of  \u201csystemically significant\u201d firms. Stein also wants the SEC to finally implement the rules that were called for by the 2010 Dodd Frank Ac, including those that would limit the risks involving swap contracts. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/\"  title=\"Continue Reading Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, &#038; CFTC Appoints New Enforcement Head\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its capital rules for large brokerage firms so that they would be required to hold more capital in the event of a funding crisis. Stein wants the regulation to better factor the risk involved [&hellip;]<\/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":[3810,3739,3760,3761],"tags":[],"class_list":["post-5624","post","type-post","status-publish","format-standard","hentry","category-cftc","category-finra","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, &amp; CFTC Appoints New Enforcement Head &#8212; Investor Lawyers Blog &#8212; June 12, 2014<\/title>\n<meta name=\"description\" content=\"SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its &#8212; June 12, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, &amp; CFTC Appoints New Enforcement Head &#8212; Investor Lawyers Blog &#8212; June 12, 2014\" \/>\n<meta name=\"twitter:description\" content=\"SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its &#8212; June 12, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, & CFTC Appoints New Enforcement Head &#8212; Investor Lawyers Blog &#8212; June 12, 2014","description":"SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its &#8212; June 12, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/","twitter_card":"summary_large_image","twitter_title":"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, & CFTC Appoints New Enforcement Head &#8212; Investor Lawyers Blog &#8212; June 12, 2014","twitter_description":"SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. Stein wants the regulator to modify its &#8212; June 12, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, &#038; CFTC Appoints New Enforcement Head","datePublished":"2014-06-12T05:00:00+00:00","dateModified":"2022-03-11T19:12:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/"},"wordCount":607,"articleSection":["CFTC","FINRA","SEC Enforcement","Securities and Exchange Commission"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/","url":"https:\/\/www.investorlawyers.com\/blog\/regulator-headlines-sec-commis\/","name":"Regulator Headlines: SEC Commissioner Stein Wants Updated Capital Rules for Brokerage Firms, FINRA\u2019s BrokerCheck Link Proposal Faces Opposition, & CFTC Appoints New Enforcement Head &#8212; Investor Lawyers Blog &#8212; June 12, 2014","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2014-06-12T05:00:00+00:00","dateModified":"2022-03-11T19:12:00+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"SEC Commissioner Wants Big Broker-Dealers To Hold More Capital Securities and Exchange Commissioner Kara M. 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