SEC Extends Broker Record-Keeping Rules Amid Million-Hour Burden
Published Date: 11/18/2025
Notice
Summary
The SEC is asking to keep the rules that require broker-dealers to keep detailed business records so regulators can check they’re playing fair and following the law. Over 3,300 broker-dealers spend nearly 10 million hours and about $139 million yearly on these record-keeping tasks. This extension keeps things running smoothly with no big changes, so everyone stays on the same page.
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Previous / Next Documents
Previous: 2025-20179, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-6
The SEC is asking to keep collecting info for Rule 17a-6, which lets investment funds do certain deals with companies they control under strict rules. This mainly affects fund boards, who must carefully check and record if anyone involved has a big financial interest. No new costs or deadlines, just a smooth extension to keep things clear and fair.
Next: 2025-20181, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-13
The SEC is asking to keep the rules that make brokers count and check their securities every few months to catch any mix-ups. This mainly affects brokers who handle stocks and other securities, making sure they fix any differences within a week. No big changes or extra costs are coming, but brokers need to keep up with these checks to stay in line.