[Federal Register Volume 77, Number 90 (Wednesday, May 9, 2012)]
[Proposed Rules]
[Pages 27150-27151]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11133]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 240
[Release No. 34-66910; File No. S7-08-07]
RIN 3235-AJ85
Amendments to Financial Responsibility Rules for Broker-Dealers
AGENCY: Securities and Exchange Commission
ACTION: Proposed rule; reopening of comment period.
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SUMMARY: The Securities and Exchange Commission (``Commission'') is
reopening the comment period for proposed amendments to its net
capital, customer protection, books and records, and notification rules
for broker-dealers under the Securities Exchange Act of 1934
(``Exchange Act''), which was issued by the Commission on March 9,
2007. The original comment period for the proposed amendments closed on
May 18, 2007, and the Commission extended the public comment period
until June 18, 2007. The Commission did not act on the rules at that
time. The Commission is presently reconsidering the proposed rule
amendments. Given the passage of time since the amendments were
proposed, the Commission is reopening for 30 days the time period in
which to provide the Commission with comments.
DATES: Comments should be received on or before June 8, 2012.
ADDRESSES: Comments may be submitted by any of the following methods:
Electronic Comments
Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed);
Send an email to rule-comments@sec.gov. Please include
File Number S7-08-07 on the subject line; or
Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number S7-08-07. This file number
should be included on the subject line if email is used. To help us
process and review your comments more efficiently, please use only one
method. The
[[Page 27151]]
Commission will post all comments on the Commission's Internet Web site
(http://www.sec.gov/rules/proposed). Comments will also be available
for public inspection and copying in the Commission's Public Reference
Room, 100 F Street NE., Washington, DC 20549 on official business days
between the hours of 10 a.m. and 3 p.m. All comments received will be
posted without change; we do not edit personal identifying information
from submissions. You should submit only information that you wish to
make available publicly.
FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate
Director, at (202) 551-5525; Thomas K. McGowan, Deputy Associate
Director, at (202) 551-5521; Randall Roy, Assistant Director, at (202)
551-5522; Raymond A. Lombardo, Branch Chief, at (202) 551-5755; or
Sheila Dombal Swartz, Special Counsel, at (202) 551-5545; Division of
Trading and Markets, Securities and Exchange Commission, 100 F Street
NE., Washington, DC 20549-7010.
SUPPLEMENTARY INFORMATION: On March 9, 2007 (Exchange Act Release No.
55431, 72 FR 12862 (Mar. 19, 2007)), the Commission requested comment
on proposed amendments to the Commission's net capital, customer
protection, books and records, and notification rules for broker-
dealers under the Exchange Act.\1\ Specifically, the proposed
amendments are designed to address several areas of concern regarding
the financial requirements for broker-dealers. They also would update
the financial responsibility rules and make certain technical
amendments.
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\1\ See Exchange Act Release No. 55431, 72 FR 12862 (Mar. 19,
2007).
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The Commission originally requested that comments on this proposal
be received by May 18, 2007, and subsequently extended the public
comment period to June 18, 2007.\2\ The Commission is reconsidering
these proposals presently. Given economic events since the rule
amendments were proposed, as well as regulatory developments, comments
received on the proposed amendments, the continuing public interest in
the proposed amendments and the passage of time, the Commission
believes that it would be appropriate to facilitate additional public
comments on the proposed rule amendments. Accordingly, the Commission
is reopening the public comment period for 30 days.
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\2\ See Exchange Act Release No. 55777 (May 17, 2007), 72 FR
28908 (May 23, 2007).
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By the Commission.
Dated: May 3, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-11133 Filed 5-8-12; 8:45 am]
BILLING CODE 8011-01-P