Securities and Exchange Commission August 18, 2014 – Federal Register Recent Federal Regulation Documents

Temporary Rule Regarding Principal Trades With Certain Advisory Clients
Document Number: 2014-19421
Type: Proposed Rule
Date: 2014-08-18
Agency: Securities and Exchange Commission, Agencies and Commissions
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.