Broadened principal trade rule possible
The Securities and Exchange Commission will “seriously consider” expanding its interim rule governing principal trades, according to a recent InvestmentNews report.
The Securities and Exchange Commission will “seriously consider” expanding its interim rule governing principal trades, according to a recent InvestmentNews report. The rule, which allows dually registered brokerages and investment advisers to fill customer orders from their own inventory if certain requirements are met, will expire Dec. 31, 2009. The agency accepted public comment on the temporary fix until Nov. 30. For a look at the interim rule, visit sec.gov/rules/final/2007/ia-2653.pdf.
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