Regulatory Alerts2022-04-18 | 2022-06960Added
Further Definition of As a Part of a Regular Business in the Definition of Dealer and Government Securities Dealer
The Securities and Exchange Commission proposes new rules to further define the phrase 'as a part of a regular business' within the statutory definitions of 'dealer' and 'government securities dealer' under the Securities Exchange Act of 1934. This regulatory action aims to address the growing role of unregistered principal trading firms that provide significant liquidity in the U.S. Treasury and equity markets. The Commission seeks to enhance market stability and investor protection by ensuring these entities are subject to appropriate registration and regulatory oversight.
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