Broker-Dealers Must Prepare For Daily Calculation Rules
By Ignacio Sandoval ( July 19, 2023, 5:09 PM EDT) -- On July 12, the U.S. Securities and Exchange Commission proposed amendments[1] to Rule 15c3-3 — the Customer Protection Rule — under the Securities Exchange Act to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they owe to customers and other broker-dealers from weekly to daily....
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