SEC seeks to raise capital requirements for brokers holding substantial customer funds
The proposed rule would require certain brokerages to compute the net cash they owe customers and other B-Ds on a daily, rather than weekly, basis.
A unanimous SEC voted Wednesday to consider raising capital reserve requirements for broker-dealers who maintain custody of a substantial amount of customer cash and securities.
The Securities and Exchange Commission released a proposal for public comment that would require certain brokerages to
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