Published on Jul 2nd, 2020 |

The SEC announced it has issued an order to update the filing threshold for broker-dealers Form 17-H Filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. This threshold has not been updated in around 30 years.

The SEC’s Office of the Inspector General had published earlier this year that raising the threshold would increase efficiency of the Form 17-H filing intake and review process and decrease the reporting burden. This goal is to reduce the burden of regulatory requirements for smaller broker-dealers while enhancing efficiency and modernizing the application of the 17h Rules.

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