Sec Adopts T+2 Settlement Cycle For Securities Transactions
Date: March 27, 2017 From: Reid A. Godbolt, Esq. The Securities and Exchange Commission (“SEC”) on March 22, 2017, adopted an amendment to Rule 15c6-1(a) under the Securities Exchange Act of 1934 to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. As you probably know, the standard settlement cycle… Read more »