Updated Guidance Issued on Exemption Reporting

Recently, the SEC and FINRA issued Frequently Asked Questions (FAQs) concerning the exemptive provisions of SEC Rule 15c3-3 and reporting under SEC Rule 17a-5 for monthly and quarterly Focus reports, annual Exemption reports and for updating membership agreements. Who is Affected? The FAQs relate to Non-Covered firms, broker-dealers that do not: meet any of the… READ MORE