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SEC amends the single issuer exemption for broker-dealers

  • IFRS - SEC Image

Jun 11, 2019

On June 11, 2019, the SEC issued a final rule, “Amend­ment to Single Issuer Ex­emp­tion for Bro­ker-Deal­ers.” The final rule clar­i­fies the scope of an ex­ist­ing ex­emp­tion under which a bro­ker-dealer is not re­quired to “engage an in­de­pen­dent public ac­coun­tant to certify the bro­ker-dealer’s annual reports filed with the Com­mis­sion if, among other things, the se­cu­ri­ties busi­ness of the bro­ker-dealer has been limited to acting as broker (agent) for a single issuer in so­lic­it­ing sub­scrip­tions for se­cu­ri­ties of that issuer.”

For more in­for­ma­tion, see the final rule on the SEC’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.