Implications of Proposed Amendments to SEC

Implications of Proposed Amendments to SEC

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By Adam Bailey, CPA, MBA

In June 2011, the Securities and Exchange Commission proposed certain amendments to the Securities Exchange Act of 1934 – Rule 17a-5, specific to financial reporting of broker-dealers.  The proposals were made largely in response to the Bernie Madoff scandal in 2008.  On June 18, 2013, Michael Jamroz of Deloitte & Touch, LLP presented the most recent update to proposed amendments to SEC Rule 17a-5, “Reports to be Made by Certain Brokers and Dealers”.   During the past two years, the proposals have been reviewed and commented on by industry professionals and final enacted changes are anticipated to be issued during 2013. Read more


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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