Proposed Rule
Temporary Rule Regarding Principal Trades With Certain Advisory Clients
Overview
The Securities and Exchange Commission is proposing to amend rule 206(3)-3T under the Investment Advisers Act of 1940, a temporary rule that establishes an alternative means for investment advisers that are registered with the Commission as broker-dealers to meet the requirements of section 206(3) of the Investment Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients. The amendment would extend the date on which rule 206(3)-3T will sunset from December 31, 2014 to December 31, 2016.
Details
Public Comments Due
Sept. 17, 2014
File Number
S7-23-07
Rule Type
Proposed
Release Number
IA-3893
SEC Issue Date
Aug. 12, 2014
Federal Register Publish Date
Aug. 18, 2014
Document Citation
79 FR 48709
RIN
3235-AL56
Public Comments