{"id":4445,"date":"2023-07-18T18:50:20","date_gmt":"2023-07-18T18:50:20","guid":{"rendered":"https:\/\/mcintyrelf.com\/?p=4445"},"modified":"2024-02-14T19:55:39","modified_gmt":"2024-02-14T19:55:39","slug":"sec-proposes-rules-requiring-daily-reserve-computation","status":"publish","type":"post","link":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/","title":{"rendered":"SEC Proposes Rules Requiring Daily Reserve Computation"},"content":{"rendered":"<p><a href=\"\/wp-content\/uploads\/2023\/07\/Mcintyre-Lemon-SEC-Proposes-Rules-Requiring-Daily-Reserve-Computation.pdf\" target=\"_self\" style=\"font-size: 11px;float:none;display:table;margin:auto;\" class=\"dwnldpdf mkd-btn mkd-btn-medium mkd-btn-solid mkd-btn-icon mkd-blog-read-more\" rel=\"noopener\" download>    <span class=\"mkd-btn-text\">Download PDF<\/span><span class=\"mkd-btn-icon-holder\">            <span aria-hidden=\"true\" class=\"mkd-icon-font-elegant arrow_carrot-right mkd-btn-icon-elem\"><\/span>            <span aria-hidden=\"true\" class=\"mkd-icon-font-elegant arrow_carrot-right mkd-btn-icon-elem\"><\/span>        <\/span>    <\/a><\/p>\n            <div class=\"embedpress-document-embed ose-document ep-doc-d7fcf3f3b136871a304a78937b86779c\" style=\"width: 600px;height: 800px; max-width:100%; display: block\">\n                                        <iframe title=\"Mcintyre Lemon &#8211; SEC Proposes Rules Requiring Daily Reserve Computation\" allowfullscreen=\"true\" mozallowfullscreen=\"true\" webkitallowfullscreen=\"true\" title=\"\" style=\"width: 600px;height: 800px; max-width:100%; display: inline-block\" data-emsrc=\"https:\/\/mcintyrelf.com\/wp-content\/uploads\/2023\/07\/Mcintyre-Lemon-SEC-Proposes-Rules-Requiring-Daily-Reserve-Computation.pdf\" data-emid=\"embedpress-pdf-shortcode\" class=\"embedpress-embed-document-pdf embedpress-pdf-shortcode\" src=\"https:\/\/mcintyrelf.com\/wp-admin\/admin-ajax.php?action=get_viewer&#038;file=https%3A%2F%2Fmcintyrelf.com%2Fwp-content%2Fuploads%2F2023%2F07%2FMcintyre-Lemon-SEC-Proposes-Rules-Requiring-Daily-Reserve-Computation.pdf#themeMode=default&#038;toolbar=true&#038;position=top&#038;presentation=true&#038;download=true&#038;copy_text=true&#038;add_text=true&#038;draw=true&#038;doc_rotation=true&#038;doc_details=true\" frameborder=\"0\"><\/iframe>\n                                <\/div>\n\n    \n","protected":false},"excerpt":{"rendered":"<p>Adopted in 1972, the SEC\u2019s customer protection rule, Rule 15c3-3 under the Securities Exchange Act of 1934 [17<br \/>\nC.F.R. \u00a7240.15c3-3], requires fully computing securities firms having custody over customer funds and securities to<br \/>\nsegregate customer funds and fully paid securities from the firm\u2019s own assets. The rule prescribes several<br \/>\nprophylactic measures including requirements that firms perform reserve computations and, if necessary, make<br \/>\nrequired deposits of cash and\/or qualified securities in specified reserve bank accounts for customers and other<br \/>\nbroker dealers (generally introducing broker-dealers maintaining proprietary securities accounts at a clearing firm<br \/>\nreferred to as \u201cPAB Accounts\u201d ). <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,67],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:\" \/>\n<meta property=\"og:description\" content=\"Adopted in 1972, the SEC\u2019s customer protection rule, Rule 15c3-3 under the Securities Exchange Act of 1934 [17 C.F.R. \u00a7240.15c3-3], requires fully computing securities firms having custody over customer funds and securities to segregate customer funds and fully paid securities from the firm\u2019s own assets. The rule prescribes several prophylactic measures including requirements that firms perform reserve computations and, if necessary, make required deposits of cash and\/or qualified securities in specified reserve bank accounts for customers and other broker dealers (generally introducing broker-dealers maintaining proprietary securities accounts at a clearing firm referred to as \u201cPAB Accounts\u201d ).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\" \/>\n<meta property=\"og:site_name\" content=\"McIntyre &amp; Lemon:\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/mcintyrelf\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-18T18:50:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T19:55:39+00:00\" \/>\n<meta name=\"author\" content=\"Anthony Angell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mcintyrelemon\" \/>\n<meta name=\"twitter:site\" content=\"@mcintyrelemon\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Angell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\"},\"author\":{\"name\":\"Anthony Angell\",\"@id\":\"https:\/\/mcintyrelf.com\/#\/schema\/person\/f478e007dae0ec65981f4d2623e2288b\"},\"headline\":\"SEC Proposes Rules Requiring Daily Reserve Computation\",\"datePublished\":\"2023-07-18T18:50:20+00:00\",\"dateModified\":\"2024-02-14T19:55:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\"},\"wordCount\":20,\"publisher\":{\"@id\":\"https:\/\/mcintyrelf.com\/#organization\"},\"articleSection\":[\"Client Alerts\",\"Securities Regulation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\",\"url\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\",\"name\":\"SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:\",\"isPartOf\":{\"@id\":\"https:\/\/mcintyrelf.com\/#website\"},\"datePublished\":\"2023-07-18T18:50:20+00:00\",\"dateModified\":\"2024-02-14T19:55:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mcintyrelf.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEC Proposes Rules Requiring Daily Reserve Computation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mcintyrelf.com\/#website\",\"url\":\"https:\/\/mcintyrelf.com\/\",\"name\":\"McIntyre & Lemon:\",\"description\":\"A Boutique Regulatory Law Firm\",\"publisher\":{\"@id\":\"https:\/\/mcintyrelf.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mcintyrelf.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mcintyrelf.com\/#organization\",\"name\":\"McIntyre & Lemon:\",\"url\":\"https:\/\/mcintyrelf.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mcintyrelf.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mcintyrelf.com\/wp-content\/uploads\/2022\/06\/logo-1.png\",\"contentUrl\":\"https:\/\/mcintyrelf.com\/wp-content\/uploads\/2022\/06\/logo-1.png\",\"width\":300,\"height\":50,\"caption\":\"McIntyre & Lemon:\"},\"image\":{\"@id\":\"https:\/\/mcintyrelf.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/web.facebook.com\/mcintyrelf\",\"https:\/\/twitter.com\/mcintyrelemon\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mcintyrelf.com\/#\/schema\/person\/f478e007dae0ec65981f4d2623e2288b\",\"name\":\"Anthony Angell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mcintyrelf.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d2862417bcc9f283f1b3e9ee5d2a2288?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d2862417bcc9f283f1b3e9ee5d2a2288?s=96&d=mm&r=g\",\"caption\":\"Anthony Angell\"},\"sameAs\":[\"https:\/\/mcintyrelf.com\"],\"url\":\"https:\/\/mcintyrelf.com\/author\/anthony-angell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/","og_locale":"en_US","og_type":"article","og_title":"SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:","og_description":"Adopted in 1972, the SEC\u2019s customer protection rule, Rule 15c3-3 under the Securities Exchange Act of 1934 [17 C.F.R. \u00a7240.15c3-3], requires fully computing securities firms having custody over customer funds and securities to segregate customer funds and fully paid securities from the firm\u2019s own assets. The rule prescribes several prophylactic measures including requirements that firms perform reserve computations and, if necessary, make required deposits of cash and\/or qualified securities in specified reserve bank accounts for customers and other broker dealers (generally introducing broker-dealers maintaining proprietary securities accounts at a clearing firm referred to as \u201cPAB Accounts\u201d ).","og_url":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/","og_site_name":"McIntyre &amp; Lemon:","article_publisher":"https:\/\/web.facebook.com\/mcintyrelf","article_published_time":"2023-07-18T18:50:20+00:00","article_modified_time":"2024-02-14T19:55:39+00:00","author":"Anthony Angell","twitter_card":"summary_large_image","twitter_creator":"@mcintyrelemon","twitter_site":"@mcintyrelemon","twitter_misc":{"Written by":"Anthony Angell","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#article","isPartOf":{"@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/"},"author":{"name":"Anthony Angell","@id":"https:\/\/mcintyrelf.com\/#\/schema\/person\/f478e007dae0ec65981f4d2623e2288b"},"headline":"SEC Proposes Rules Requiring Daily Reserve Computation","datePublished":"2023-07-18T18:50:20+00:00","dateModified":"2024-02-14T19:55:39+00:00","mainEntityOfPage":{"@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/"},"wordCount":20,"publisher":{"@id":"https:\/\/mcintyrelf.com\/#organization"},"articleSection":["Client Alerts","Securities Regulation"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/","url":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/","name":"SEC Proposes Rules Requiring Daily Reserve Computation - McIntyre &amp; Lemon:","isPartOf":{"@id":"https:\/\/mcintyrelf.com\/#website"},"datePublished":"2023-07-18T18:50:20+00:00","dateModified":"2024-02-14T19:55:39+00:00","breadcrumb":{"@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mcintyrelf.com\/sec-proposes-rules-requiring-daily-reserve-computation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mcintyrelf.com\/"},{"@type":"ListItem","position":2,"name":"SEC Proposes Rules Requiring Daily Reserve Computation"}]},{"@type":"WebSite","@id":"https:\/\/mcintyrelf.com\/#website","url":"https:\/\/mcintyrelf.com\/","name":"McIntyre & Lemon:","description":"A Boutique Regulatory Law Firm","publisher":{"@id":"https:\/\/mcintyrelf.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mcintyrelf.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mcintyrelf.com\/#organization","name":"McIntyre & Lemon:","url":"https:\/\/mcintyrelf.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mcintyrelf.com\/#\/schema\/logo\/image\/","url":"https:\/\/mcintyrelf.com\/wp-content\/uploads\/2022\/06\/logo-1.png","contentUrl":"https:\/\/mcintyrelf.com\/wp-content\/uploads\/2022\/06\/logo-1.png","width":300,"height":50,"caption":"McIntyre & Lemon:"},"image":{"@id":"https:\/\/mcintyrelf.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/web.facebook.com\/mcintyrelf","https:\/\/twitter.com\/mcintyrelemon"]},{"@type":"Person","@id":"https:\/\/mcintyrelf.com\/#\/schema\/person\/f478e007dae0ec65981f4d2623e2288b","name":"Anthony Angell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mcintyrelf.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d2862417bcc9f283f1b3e9ee5d2a2288?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d2862417bcc9f283f1b3e9ee5d2a2288?s=96&d=mm&r=g","caption":"Anthony Angell"},"sameAs":["https:\/\/mcintyrelf.com"],"url":"https:\/\/mcintyrelf.com\/author\/anthony-angell\/"}]}},"_links":{"self":[{"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/posts\/4445"}],"collection":[{"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/comments?post=4445"}],"version-history":[{"count":5,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/posts\/4445\/revisions"}],"predecessor-version":[{"id":4511,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/posts\/4445\/revisions\/4511"}],"wp:attachment":[{"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/media?parent=4445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/categories?post=4445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcintyrelf.com\/wp-json\/wp\/v2\/tags?post=4445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}