SEC and FDIC Propose Rules for Orderly Liquidation of Large Broker-Dealers

By Jacquelyn Lumb The SEC and the FDIC have jointly issued a rule proposal to provide for the orderly liquidation of large broker-dealers. The proposal would implement Section 205 of the Dodd-Frank Act, and is intended to ensure that customers are treated in a manner that is as beneficial as if the liquidation occurred under […]