On August 10, the SEC amended interim final temporary Rule 15b12-1T under the Securities Exchange Act, which temporarily permits a broker-dealer to engage in a “retail forex business”, to extend its expiry date from July 16, 2012 to July 16, 2013. Comments on the interim final temporary rule should be received on or before October 31. SEC Extension.
retail forex business
SEC Extension of Rule on Retail Foreign Exchange Transactions
On July 11, the SEC amended interim final temporary Rule 15b12-1T to extend the date on which the rule will expire from July 16, 2012 to July 16, 2013. On July 13, 2011, the SEC adopted the temporary rule which permits a broker-dealer to engage in a “retail forex business”. SEC Temporary Rule.