SEC Publishes Interpretation On Broker Records Rules
On May 22, 2003 the SEC published its long-awaited interpretive release on the amendments to the broker-dealer recordkeeping rules, Rules 17a-3 and 17a-4, which went into effect on May 2. The release, which is written in a Q&A format, generally repeats the informal guidance previously provided by the SEC staff. Even with the publication of this release, a large number of unanswered questions remain on the rule amendments.
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