SEC Prepares to Act on Sponsored Access

Hintze, John
November 2009
Securities Industry News;11/2/2009, Vol. 21 Issue 20, p6
Trade Publication
The article reports on the preparation of the U.S. Securities and Exchange Commission (SEC) to address the issue on sponsored access. Sponsored access is a practice where broker-dealers allow clients to use their exchange identifications (IDs) to participate in trade unmonitored. Lime Brokerage considers this arrangement reckless and has submitted a recommendation to the SEC that will require client transactions to go through broker-dealers' trading systems.


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