Federal Agencies Issue Guidance on the Liquidation of Covered Broker-Dealers

The SEC and FDIC have jointly issued a final rule, Covered Broker-Dealer Provisions Under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final rule clarifies and implements “provisions relating to the orderly liquidation of certain brokers or dealers (covered broker-dealers) in the event the FDIC is appointed receiver under Title II of the Dodd-Frank Act.”

For more information, see the press release on the SEC’s Web site.