Two years after proposing rules to avert misuse of client assets on the scale of the Madoff ponzi scheme, the Securities and Exchange Commission (SEC) proposed amendments that would strengthen oversight of broker-dealer audits.
If the SEC’s latest proposed amendments to Rule 17a-5 go through, the SEC will have access to documents from accounting firms that audit broker-dealer companies, and it would be allowed to discuss any findings with the accounting firms.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access