[Federal Register Volume 77, Number 90 (Wednesday, May 9, 2012)]
[Proposed Rules]
[Pages 27150-27151]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-11133]



17 CFR Part 240

[Release No. 34-66910; File No. S7-08-07]
RIN 3235-AJ85

Amendments to Financial Responsibility Rules for Broker-Dealers

AGENCY: Securities and Exchange Commission

ACTION: Proposed rule; reopening of comment period.


SUMMARY: The Securities and Exchange Commission (``Commission'') is 
reopening the comment period for proposed amendments to its net 
capital, customer protection, books and records, and notification rules 
for broker-dealers under the Securities Exchange Act of 1934 
(``Exchange Act''), which was issued by the Commission on March 9, 
2007. The original comment period for the proposed amendments closed on 
May 18, 2007, and the Commission extended the public comment period 
until June 18, 2007. The Commission did not act on the rules at that 
time. The Commission is presently reconsidering the proposed rule 
amendments. Given the passage of time since the amendments were 
proposed, the Commission is reopening for 30 days the time period in 
which to provide the Commission with comments.

DATES: Comments should be received on or before June 8, 2012.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/proposed);
     Send an email to [email protected]. Please include 
File Number S7-08-07 on the subject line; or
     Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number S7-08-07. This file number 
should be included on the subject line if email is used. To help us 
process and review your comments more efficiently, please use only one 
method. The

[[Page 27151]]

Commission will post all comments on the Commission's Internet Web site 
(http://www.sec.gov/rules/proposed). Comments will also be available 
for public inspection and copying in the Commission's Public Reference 
Room, 100 F Street NE., Washington, DC 20549 on official business days 
between the hours of 10 a.m. and 3 p.m. All comments received will be 
posted without change; we do not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.

FOR FURTHER INFORMATION CONTACT: Michael A. Macchiaroli, Associate 
Director, at (202) 551-5525; Thomas K. McGowan, Deputy Associate 
Director, at (202) 551-5521; Randall Roy, Assistant Director, at (202) 
551-5522; Raymond A. Lombardo, Branch Chief, at (202) 551-5755; or 
Sheila Dombal Swartz, Special Counsel, at (202) 551-5545; Division of 
Trading and Markets, Securities and Exchange Commission, 100 F Street 
NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: On March 9, 2007 (Exchange Act Release No. 
55431, 72 FR 12862 (Mar. 19, 2007)), the Commission requested comment 
on proposed amendments to the Commission's net capital, customer 
protection, books and records, and notification rules for broker-
dealers under the Exchange Act.\1\ Specifically, the proposed 
amendments are designed to address several areas of concern regarding 
the financial requirements for broker-dealers. They also would update 
the financial responsibility rules and make certain technical 

    \1\ See Exchange Act Release No. 55431, 72 FR 12862 (Mar. 19, 

    The Commission originally requested that comments on this proposal 
be received by May 18, 2007, and subsequently extended the public 
comment period to June 18, 2007.\2\ The Commission is reconsidering 
these proposals presently. Given economic events since the rule 
amendments were proposed, as well as regulatory developments, comments 
received on the proposed amendments, the continuing public interest in 
the proposed amendments and the passage of time, the Commission 
believes that it would be appropriate to facilitate additional public 
comments on the proposed rule amendments. Accordingly, the Commission 
is reopening the public comment period for 30 days.

    \2\ See Exchange Act Release No. 55777 (May 17, 2007), 72 FR 
28908 (May 23, 2007).

    By the Commission.

    Dated: May 3, 2012.
Elizabeth M. Murphy,
[FR Doc. 2012-11133 Filed 5-8-12; 8:45 am]