g5000
Diamond Member
- Nov 26, 2011
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The Commission is amending Rule 15c3-12 (the “net capital rule”) under the Securities Exchange Act of 1934 (the “Exchange Act”) to establish a voluntary, alternative method of computing net capital for certain broker-dealers.
The top five broker-dealers were allowed by Bush to throw their underwriting rules out the window. Guess which five.
Boom.