We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fed Gives Nod To SEC Bank Brokerage Proposal

Law360 (December 18, 2006, 12:00 AM EST) -- The Federal Reserve Board has said it would endorse a set of rules proposed by the U.S. Securities and Exchange Commission that would help define the scope of brokerage services that commercial banks may conduct without registering with the agency as a securities broker.

The Board of Governors of the Federal Reserve System and the SEC on Monday revealed the release of the joint proposed rules, which would implement the broker exceptions for banks.

The proposed rules would implement the statutory exceptions that allow banks to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.