SEC Extends Broker Forms: Business as Usual for Wall Street
Published Date: 1/23/2026
Notice
Summary
The SEC is asking to keep using Rule 15b1-1 and Form BD, which help broker-dealers register and share important info with the government. This affects anyone who buys or sells securities through these dealers. No big changes or extra costs are coming, but the paperwork rules will continue as usual for now.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Broker‑Dealer Paperwork Continues
The SEC is extending Rule 15b1-1 and Form BD, so broker-dealers must keep filing the uniform registration form. The document reports about 9,481 annual responses (160 initial filings and 9,321 amendments), a total industry burden of approximately 3,547 hours, and an estimated internal compliance cost of about $1,365,595 per year using a $385/hour Compliance Manager rate.
Investor Protections Maintained
The extension keeps in place the registration and reporting system that helps broker-dealers register and share information with the government to protect investors. The notice says this affects anyone who buys or sells securities through these dealers and that there are no big changes or extra costs coming — the paperwork rules will continue as usual for now.
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