The Securities and Exchange Commission has issued a proposal seeking to extend for a fourth time a temporary rule that makes it easier for investment advisers who are also registered as brokers to sell from their firms’ proprietary accounts, Investment News reports.
The proposal, released for comment on Tuesday, would keep the temporary rule in effect until Dec. 31 2016, instead of expiring at the end of 2014 as planned. The deadline for comments on the proposal will be 30 days from the time the regulatory notice is published in the Federal Register, Investment News reports.
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