Claiming exemption as per Footnote 74 under SEC’s Customer Protection Rule

The U.S. SEC (Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority, Inc.) recently published a Frequently Asked Questions (FAQ) about the “exemption provisions” of SEC Rule 15c3-3, the consumer protection rule. Before this guideline, even though they did not meet all the requirements for (k) (2) (i) or (k) (2) (ii) on the

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