SEC proposes clarifying broker-dealer exemption

by | Dec 2, 2018 | Best Business Helps | 0 comments

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SEC proposes clarifying broker-dealer exemption

The SEC is proposing a clarifying amendment to the exemption provisions of the brokerdealer annual reporting rule under the Securities Exchange Act of 1934.

The proposed amendment would clarify that a brokerdealer would not be required to engage an independent public accountant to certify the brokerdealer’s annual reports if the brokerdealer’s securities business has been limited to acting as a broker or agent for a single issuer in soliciting subscriptions for securities of that issuer — and other conditions are met.

The amendment is being issued to correct an error found in the 2013 publication of the exemption provision.

Comments on the proposal can be submitted through the SEC website within ٣٠ days after the proposal is published in the Federal Register.

Research & References of SEC proposes clarifying broker-dealer exemption|A&C Accounting And Tax Services
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SEC proposes clarifying broker-dealer exemption

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