rich1.0vicariousdrama (npub1yx…p7kza)https://nostr.now/npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kzanjumphttps://nostr.nowSEC Final Rules: Changes to Definition of Dealer and Government Securities Dealer https://www.sec.gov/files/34-99477-fact-sheet.pdf How The Rules Apply Under the final rules, any person that engages in any of the following activities as part of a regular business would be a “dealer” or “government securities dealer:” • Regularly expressing trading interest that is at or near the best available prices on both sides of the market for the same security and that is communicated and represented in a way that makes it accessible to other market participants; or • Earning revenue primarily from capturing bid-ask spreads, by buying at the bid and selling at the offer, or from capturing any incentives offered by trading venues to liquidity supplying trading interest. Absent an exception or exemption, these market participants would be required to: ● Register with the Commission under Section 15(a) or Section 15C, as applicable; ● Become a member of an SRO; and ● Comply with federal securities laws and regulatory obligations and applicable SRO and Treasury rules and requirements. No presumption shall arise that a person is not a dealer or government securities dealer solely because that person does not engage in the activities identified in the final rules.