Securities and Exchange Commission: Alternative Net Capital Requirements for Broker-Dealers That Are Part of Consolidated Supervised Entities
GAO-04-896R: Jun 25, 2004
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission) new rule on alternative net capital requirements for broker-dealers that are part of consolidated supervised entities. GAO found that (1) the rule establishes a voluntary alternative method for computing net capital for certain broker-dealers; and (2) the Commission complied with all applicable requirements in promulgating the rule.