Logo: Independent Community Bankers of America - ICBA The Nation's Voice for Community Banks (R)

Graphic: Arrow Forgot password?
Graphic: Arrow Request Login
Contact ICBA Site Map Search ICBA
ArrowICBA Home

Members Only = Access Restricted
Last update: 09/20/14

OTS Broker-Dealer Rule

WWR Article - June 21, 2002

OTS has proposed recordkeeping and customer disclosure standards for federal savings associations that may now perform certain broker-dealer activities, just like banks, without registering with the SEC. The proposed rule covers broker-dealer activities such as third party brokerage, trust, permissible securities and sweep accounts.

The rule provides formal guidance for securities transactions, so that examiners can evaluate compliance with securities laws and assess the impact of securities activities on the safety and soundness of thrifts. Comments are due August 12.

ArrowsPrintable version

Button: Share

All contents copyright 2014 Independent Community Bankers of America. All rights reserved.
Privacy Statement | Legal Notice