Compliance


The SEC proposes two rules that would allow it to supervise broker-dealers and their affiliates on a consolidated basis ( www.sec.gov/news/press/2003-134.htm ). One proposal would create an alternative method for computing certain net capital charges for broker-dealers that are part of a holding company that manages risks—and consents to SEC supervision—on a groupwide basis. The other proposed rule would implement section 17(i) of the Securities Exchange Act of 1934, which created a new structure for consolidated supervision of broker-dealers’ holding companies and their affiliates. Such SEC supervision would include recordkeeping, reporting and examination requirements. This proposal also would adjust the audit requirements for over-the-counter derivatives dealers to allow accountants to use agreed-upon procedures when conducting audits of risk management control systems. Comments are due by February 4.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.