Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC Mulls Cross-Border Regulation Amendments

Melissa Klein Aguilar | September 10, 2008

Foreign broker-dealers might soon be able to interact with a broader group of U.S. investors, if the Securities and Exchange Commission forges ahead with a rulemaking that would liberalize rules governing interactions between them.

Driven by increasing internationalization of securities markets and advancements in technology and communications, the SEC back in June floated a proposal to loosen a 19-year-old rule that provides conditional exemptions from broker-dealer registration for foreign entities engaged in certain activities involving certain U.S. investors. Comments were due Sept. 8.

Taylor Jeffrey Taylor, a partner in the law firm...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.