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Brokers Brace for Next Leg of Market Access Rule

Aggregate credit checks come in November

Traders Magazine Online News, July 14, 2011

James Armstrong

Now that the first phase of the market access rule has gone into effect, brokers are looking ahead to the next stage of the rule, when they will need to perform aggregate credit and capital checks for their clients and themselves. Originally, the Securities and Exchange Commission planned to implement the entire rule on July 14, but after receiving requests from the industry, it delayed key aspects of the rule until Nov. 30.

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