News, analysis and personal reflections on the markets & the financial sector

Wednesday, July 9, 2008

SEC may loosen rules for trading with foreign brokers

The Securities and Exchange Commission, in its latest move to facilitate a truly global securities market, plans to recommend looser rules for U.S. investors who want to trade with foreign brokerages. The commission will propose dropping the chaperon rule, which requires a foreign broker to work with an American broker when soliciting U.S. investors to trade securities that are listed overseas, a source said.

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