Skip to Primary Navigation

SEC amends safeguarding rule to enhance customer asset protection

Security definition dictionary entry
Photo: Getty Images

Changes address concerns about client asset custody problems in the crypto sector.

The SEC is proposing to amend the rule that regulates the custodial practices of advisers in order to better protect client funds and securities. The new safeguard aims to prevent the theft or misuse of client assets. Although addressing wider changes in advisory and custodial services, the changes can be