News | 09.03.19
Rule 606: SEC Redefines Discretionary Trades
The SEC's decision to broadly define what makes a trade execution discretionary will force introducing and executing brokers to walk a thin tightrope when complying with its new Rule 606. Brokers will have to make some tough choices on how much information the they can release on a trade order without giving away its secrets. The introducing broker must also prevent the data about the trade from falling into the hands of someone other than the intended client.
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