A New Market Access Rule For Broker-Dealers?

Law360, New York (March 15, 2010, 12:43 PM EDT) -- On Jan. 13, the U.S. Securities and Exchange Commission proposed a market access rule that would require broker-dealers with access to trading directly on an exchange or alternative trading system (ATS) — including broker-dealers providing clients with sponsored or direct market access — to implement risk management controls and supervisory procedures designed to manage the financial, regulatory and other risks arising from such access.

The SEC is concerned about preventing any potential risks of trading errors or a rapid series of errors arising from computer or...
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