(DOWNLOAD) "Temporary Rule Regarding Principal Trades With Certain Advisory Clients (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)" by The Law Library * Book PDF Kindle ePub Free
eBook details
- Title: Temporary Rule Regarding Principal Trades With Certain Advisory Clients (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- Author : The Law Library
- Release Date : January 22, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 244 KB
Description
The Law Library presents the complete text of the Temporary Rule Regarding Principal Trades With Certain Advisory Clients (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).
Updated as of May 29, 2018
The Commission is adopting a temporary rule under the Investment Advisers Act of 1940 that establishes an alternative means for investment advisers who are registered with the Commission as broker-dealers to meet the requirements of section 206(3) of the Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients. The Commission is adopting the temporary rule on an interim final basis as part of its response to a recent court decision invalidating a rule under the Advisers Act, which provided that fee-based brokerage accounts were not advisory accounts and were thus not subject to the Advisers Act. As a result of the Court's decision, which takes effect on October 1, fee-based brokerage customers must decide whether they will convert their accounts to fee-based accounts that are subject to the Advisers Act or to commission-based brokerage accounts. We are adopting the temporary rule to enable investors to make an informed choice between those accounts and to continue to have access to certain securities held in the principal accounts of certain advisory firms while remaining protected from certain conflicts of interest. The temporary rule will expire and no longer be effective on December 31, 2009.
This ebook contains:
- The complete text of the Temporary Rule Regarding Principal Trades With Certain Advisory Clients (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure
 "Temporary Rule Regarding Principal Trades With Certain Advisory Clients (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)" by The Law Library * Book PDF Kindle ePub Free){kind=link}