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SEC Proposes Changes to the Definitions of "Dealer" and "Government Securities Dealer" Under the Securities Exchange Act

The Rule Proposal Would Clarify Which Market Participants Are Engaged in Buying and Selling Securities for Their Own Account "as Part of a Regular Business" and Are Subject to Dealer Registration Requirements The U.S. Securities and Exchange Commission (SEC) recently proposed a new rule1 (the Proposal) which could require a diverse range of market participants to register as dealers,2 including a…
Amy Caiazza Mariannek Smythe Williamh Heyman Rob Rosenblum Wilson Sonsini Neel Maitra
Source: wsgr.com

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