The SEC's latest "We're Internationalizing!" proposal was released today, concerning foreign broker-dealers.  Here's the overview:

To reflect increasing internationalization in securities markets and advancements in technology and communication services, the proposed amendments would update and expand the scope of certain exemptions for foreign entities, consistent with the Commission’s mission to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.

And here's the goal:

the amendments we propose today would generally expand the category of U.S. investors that foreign broker-dealers may contact for the purpose of providing research reports and soliciting securities transactions. The proposed amendments would also reduce the role U.S. registered broker-dealers must play in intermediating transactions effected by foreign broker-dealers on behalf of certain U.S. investors.

HT: Securities Mosaic

| Bookmark

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157d569e200e553754aa18833

Links to weblogs that reference The SEC Moves to Exempt Foreign Broker Dealers From Some More Requirements: