Law Blog Tag: Rule 15c6-1

SEC Proposes Shortening Trade Settlement

December 27, 2016 in Depository Trust Company (DTC), SEC

On September 28, 2016, the SEC proposed a rule amendment to shorten the standard broker-initiated trade settlement cycle from three business days from the trade date (T+3) to two business days (T+2). The change is designed to help reduce risks, including credit, market and liquidity risks, associated with unsettled transactions in the marketplace. Outgoing SEC Read the full article…