Securities and Exchange Commission: Financial Responsibility Rules for Broker-Dealers
GAO-13-844R: Sep 5, 2013
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission) new rule on financial responsibility rules for brokers/dealers. GAO found that (1) the final rule amends the rules to the net capital, customer protection, books and records, and notification rules for broker-dealers promulgated under the Securities Exchange Act of 1934 and the (2) Commission complied with applicable requirements in promulgating the rule.