Deadline Extended On Brokerage Activity

Hume, Lynn
March 2005
Bond Buyer;3/9/2005, Vol. 351 Issue 32086, p2
Trade Publication
Reports that the U.S. Securities and Exchange Commission has extended the deadline for the bank's temporary exemption from a proposed rule that would require them to push out some of their brokerage-related activities into separate broker-dealer affiliates regulated by the agency. Opportunity of the commission to consider fully comments received on the rule; Reaction of the American Bankers Association on the delay; Frustration of banks that they cannot really plan for the future because of the uncertainty that surrounds the proposed rule.


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