Input deadline nearing on bank-exemption rule
Comments are due by March 26 on proposed rules that would exempt banks from registering as brokers in certain situations.
Comments are due by March 26 on proposed rules that would exempt banks from registering as brokers in certain situations. Released jointly by the SEC and the Federal Reserve, the rules, among other provisions, would let banks pay bonuses to employees who refer customers to a bank’s brokerage arm and exempt banks from broker regulation when executing trust and fiduciary services if they meet certain criteria. For details, visit , select 2006 and scroll down to the two rules proposed Dec. 18.
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