SEC Expands Dealer Definition To Capture Large Traders Regularly Providing Liquidity To The Markets - Securities
On February 6, 2024, the SEC adopted rules to greatly expand the Exchange Act definitions of "dealer" and "government securities dealer" by further defining the phrase "as a part of a regular business."
Exchange Act Rule Exchange Act Sections Exchange Act Division Of Trading Expanded Dealer Chair Gensler
Source: mondaq.com