Broker Dealer Regulation - Financial Responsibilities - Comment Letter - SIFMA - June 8, 2012

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Timeline, Financial Responsibility Rules for Broker Dealers
Re-proposal Date Final Rule Issue Effective Date
May 9, 2012 August 21, 2013 October 21, 2013

Amendments to Financial Responsibility Rules for Broker-Dealers
June 8, 2012

In the comment letter, SIFMA highlighted several aspects of the proposed amendments for which, "due to intervening events or regulatory changes, [SIFMA's] views have evolved since 2007," when the rules were first proposed. Additionally, SIFMA believes that "the costs of certain Proposed Amendments may not be justified by their potential benefits and thus warrant more detailed consideration by the Commission of their relative costs and benefits." Furthermore, in other cases, SIFMA believes that certain amendments "should be more narrowly tailored to address the Commission’s particular concerns."


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