{"id":4485,"date":"2024-02-14T02:05:37","date_gmt":"2024-02-14T02:05:37","guid":{"rendered":"https:\/\/mcintyrelf.com\/?p=4485"},"modified":"2024-02-14T20:25:46","modified_gmt":"2024-02-14T20:25:46","slug":"the-sec-significantly-expanded-its-jurisdiction-over-securities-traders-by-adopting-new-dealer-rules","status":"publish","type":"post","link":"https:\/\/mcintyrelf.com\/the-sec-significantly-expanded-its-jurisdiction-over-securities-traders-by-adopting-new-dealer-rules\/","title":{"rendered":"The SEC Significantly Expanded Its Jurisdiction Over  Securities Traders By Adopting New Dealer Rules"},"content":{"rendered":"<p><a href=\"\/wp-content\/uploads\/2024\/02\/Mcintyre-Lemon-The-SEC-Significantly-Expanded-Its-Jurisdiction-Over-Securities-Traders-By-Adopting-New-Dealer-Rules.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; The SEC Significantly Expanded Its Jurisdiction Over Securities Traders By Adopting New Dealer Rules\" 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\/2024\/02\/Mcintyre-Lemon-The-SEC-Significantly-Expanded-Its-Jurisdiction-Over-Securities-Traders-By-Adopting-New-Dealer-Rules.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%2F2024%2F02%2FMcintyre-Lemon-The-SEC-Significantly-Expanded-Its-Jurisdiction-Over-Securities-Traders-By-Adopting-New-Dealer-Rules.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>In the face of overwhelming and near universal industry opposition, the Securities and Exchange Commission<br \/>\n(\u201cSEC\u201d or \u201cCommission\u201d), in a split 3-2 vote, adopted new rules designed to capture \u201cde facto market makers\u201d<br \/>\nand regulate them as registered \u201cdealers\u201d.1 The adoption of the new dealer rules perhaps should not have<br \/>\nbeen surprising when viewed cumulatively with the Commission\u2019s equity markets concept release,2 a recent<br \/>\namendment  to  an  obscure  trading  rule,  the  net  effect  of  which  will  direct  a  class  of  new  dealers  into<br \/>\nmembership  with  the  Financial  Industry  Regulatory  Authority  (\u201cFINRA\u201d),3  and  dealer  enforcement  actions<br \/>\napplying the Commission\u2019s de facto market maker theory that comprises the legal principle at the center of the<br \/>\nnew rules.<\/p>\n","protected":false},"author":2,"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>The SEC Significantly Expanded Its Jurisdiction Over Securities Traders By Adopting New Dealer Rules - McIntyre &amp; 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