legislation: 102-s-3389
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
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| 102-s-3389 | 102 | s | 3389 | A bill to amend the Securities Exchange Act of 1934 to prohibit certain transactions with respect to managed accounts. | Finance and Financial Sector | 1992-10-08 | 1992-12-22 | Referred to the Subcommittee on Telecommunications and Finance. | Senate | Sen. Kerry, John F. [D-MA] | MA | D | K000148 | 0 | Amends the Securities Exchange Act of 1934 to cite conditions under which it shall not be unlawful for members of exchanges and associated persons to effect a transaction for an account with respect to which they exercise investment discretion. Permits transactions for such a managed account (without the involvement of an independent floor broker) if the member or associated person: (1) has obtained express authorization from the person or persons authorized to transact business for the account before engaging in the practice of effecting such transactions; (2) furnishes the persons authorized to transact business for the account with a statement at least annually disclosing the aggregate compensation received by the exchange member in effecting such transactions; and (3) complies with any rules the Securities and Exchange Commission has prescribed with respect to such requirements. | 2024-02-05T14:30:09Z |