Broker exception for banks gets nod

The SEC and Federal Reserve last month approved rules that will allow banks to continue selling some securities products and services without registering as brokers.
OCT 02, 2007
The SEC and Federal Reserve last month approved rules that will allow banks to continue selling some securities products and services without registering as brokers. Originally proposed last December, the rules define the scope of securities activities that banks may engage in and under what conditions those activities may occur. www.sec.gov/rules/final/2007/34-56502.pdf www.sec.gov/rules/final/2007/34-56501.pdf

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