Law360, New York (July 03, 2008, 12:00 AM ET) -- On June 25, 2008, the Securities and Exchange Commission (SEC) announced proposed rule changes that would allow non-U.S. securities brokers and dealers greater latitude to operate in the U.S. without registering with the SEC.
The SEC published this proposal on June 26, 2008 in Securities Exchange Act Release No. 34-58047. These proposals would allow foreign broker-dealers to interact with more U.S. investors, and in a significantly greater fashion, than they are currently permitted.
The proposal is subject to a 60-day comment period that will run from...
Proposed Rule Changes For Foreign Broker-Dealers
To view the full article, take a free trial now.
