Brokers & Dealers

1. FAQs

2. Articles and Publications

• SEC Issues Final Rule Excepting Broker-Dealers Charging Asset-Based or Fixed Fees From the Advisers Act of 1940 from Alston & Bird LLP. (04/25/05)

• Securities Law Advisory: Securities and Exchange Commission Adopts Broker-Dealer Advice Rule from Alston & Bird LLP. (04/11/05)

• Changing Landscape for Bank Securities Activities: SEC Issues Proposed Regulation B (Broker “Push-Out” Rules) from Wilmer, Cutler, Pickering, Hale and Dorr LLP. (07/07/04)

• Proposed Interagency Statement on Complex Structured Finance Activities from Thacher, Proffitt & Wood LLP. (06/22/04)

3. Resource Links

• NASD Notice to Members:  SEC Approves Amendments to Anti-Money Laundering Compliance Program Rule and Adoption of Interpretive Material - Effective Date March 6. (02/10/06)

• NYSE Information Memo:  Amendments to Rule 445 "Anti-Money Laundering Compliance Program". (02/06/06)

• Remarks of SEC Commissioner Glassman at FSI's 2006 Broker-Dealer Conference:  A View From Inside the SEC. (01/27/06)

• Division of Investment Management Letter to Securities Industry Association Re:  Interpretive Guidance on Investment Advisers Act Rule 202(a)(11)-1. (12/27/05)

• Commission Guidance Regarding Client Commission Practices Under Exchange Act Section 28(e).
      - Guidance.
      - Comments Received on Guidance.
      - Submit Comments.(10/28/05)

• Remarks of NASD Chairman / CEO at SIA Soft Dollars and Institutional Brokerage Conference in NYC. (09/23/05)

• NYSE Information Memo:  Cooperation with Exchange Reviews, Examinations and Investigations. (09/15/05)

• NASD Provides Guidance Concerning the Sale of Structured Products. (09/13/05)

• SEC Extends Time for Banks to Comply with Gramm-Leach-Bliley Act Broker Registration Requirements. (09/12/05)

• Speech by SEC's Associate Director of OCIE:  Rebuilding Ethics and Compliance in the Securities Industry. (06/24/05)

• SEC Final Rule:  Certain Broker-Dealers Deemed Not To Be Investment Advisers. (04/13/05)

• SEC's Temporary Rule: Certain Broker-Dealers Deemed Not To Be Investment Advisers. (01/10/05)

• SEC Final Rule:  Disposal of Consumer Report Information (Dec. 2, 2004). (12/03/04)

• NASD Notice to Members:  SEC Approves NASD Interpretive Material to Rule 2210 Regarding Member Firms' Use of Investment Analysis Tools (Nov. 16, 2005).(11/17/04)

• NASD Notice To Members:  SEC Approves New CEO Compliance Certification and Chief Compliance Officer Designation Requirements (Designations Required by Dec. 1, 2004). (11/02/04)

• NASD Issue Center Regarding Anti-Money Laundering. (12/02/04)

• NASD Notice to Members Regarding Annual Compliance Certification. (11/01/04)

• NASD Member Alert:  SEC Approves CEO Compliance Certification Rule. Rule and Interpretive Material. (09/27/04)

• SEC Final Rule:  Prohibition on the Use of Brokerage Commissions to Finance Distribution. (09/07/04)

• SEC Brief Addressing Whether an Investment is Excluded from the Term "Investment Contract" and Definition of "Security" Due to Promise of Fixed Return and Because Return is "Contractually Guaranteed" by the Promoter. (09/02/04)

• SEC Final Rule: Alternative Net Capital Requirements for Broker-Dealers That Are Part of Consolidated Supervised Entities.(06/11/04)

• SEC and NASD Release Joint Staff Report on Broker-Dealer Sales of Variable Insurance Products. News Release. Report. (06/10/04)

• NASD Small Firm Template for Business Continuity Planning. (05/06/04)

• NASD Issues Notice to Members: SEC Approves Rules Requiring Members to Create Business Continuity Plans and Provide Emergency Contact Information. (05/06/04)

• NASD Issues Notice to Members: SEC Approves NASD Proposed Rule 9550 Series on Expedited Proceedings. (05/06/04)

• NYSE Issues Information Memo: Rule 446 - Business Continuity and Contingency Plans. (05/05/04)

• NASD Notice to Members Regarding Anti-Money Laundering Customer Identification Programs for Broker / Dealers. (6/23/03)

• NASD Makes Information About Its Instant Messaging Guidance Available on its Web Site; NYSE Has Released Guidance as Well. (6/20/03)

• SEC Issues Significant Interpretation on Electronic Storage of Broker-Dealer Records (5/8/03)

• Department of Treasury and SEC Release Joint Final Rule on Customer Identification Programs for Broker-Dealers. (5/1/03)