maintain risk management controls

SEC Extension of Compliance Deadline for Market Access Rule

On June 27, the SEC extended the compliance deadline from July 14 to November 30 for certain requirements of new Rule 15c3-5 under the Securities Exchange Act of 1934 which requires broker-dealers with access to trading securities directly on an exchange or alternative trading system to maintain risk management controls designed to limit the exposure of the broker-dealer. The extension applies to all requirements of the rule for fixed income securities and certain requirements for all securities. SEC Extension.