December 20, 2024/US SEC Under the Broker-Dealer Customer Protection Rule, carrying broker-dealers—i.e., those broker-dealers that maintain custody of customer securities and cash—must have a special reserve bank account that holds “qualified securities” and/or cash in an amount determined by a weekly computation.[1] The idea is that if the broker-dealer fails, […]
Updates
SEC Adopts Rule Amendments to the Broker-Dealer Customer Protection Rule
December 20, 2024/US SEC The Securities and Exchange Commission today adopted amendments to Rule 15c3-3 (the customer protection rule) to require certain broker-dealers to increase the frequency with which they perform computations of the net cash they owe to customers and other broker-dealers (known as PAB account holders) from weekly […]
Seplat Energy Emerges Best In Social Impact/Human Capacity Development at SERAS
December 18, 2024/Seplat Energy Plc Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS […]
