TITLE

SEC Prepares to Act on Sponsored Access

AUTHOR(S)
Hintze, John
PUB. DATE
November 2009
SOURCE
Securities Industry News;11/2/2009, Vol. 21 Issue 20, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45266902

 

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