SEC Proposes Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”
FOR IMMEDIATE RELEASE
2022-54
Washington D.C., March 28, 2022 —
The Securities and Exchange Commission today proposed two rules that would require market participants, such as proprietary (or principal) trading firms, who assume certain dealer functions, in particular those who as act as liquidity providers in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations.
https://www.sec.gov/news/press-release/2022-54