Skip to main content
Sharing ideas and information

SEC’s New Dealer Definition – Who’s Now in Scope?

SEC dealer definition updates expand the scope of participants required to register as dealers.
banner background

On February 6, 2024, the SEC approved—in a 3-to-2 vote—updates to the dealer definition that will expand the scope of market participants required to register with the SEC as dealers. This article provides details on the changes, which clarify “in the regular course of business” and will capture roughly 40 principal trading firms, as well as private funds and even some crypto asset trading.

Download PDF

If you have any questions or need assistance, please reach out to a professional at FORVIS.

Related FORsights

Like what you see?
Subscribe to receive tailored insights directly to your inbox.