SEC Probes Brokers' Cash Cushions for Customer Safety
Published Date: 4/1/2026
Notice
Summary
The SEC is asking for comments to keep a rule that makes sure brokers have enough money to pay their customers. This rule affects broker-dealers and costs them about $134,000 and 67,773 hours each year to follow. You’ve got until June 1, 2026, to share your thoughts on how to make this process better or easier!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Broker-Dealer Liquidity Requirement
Rule 15c3-1 requires broker-dealers to maintain sufficient liquid assets at all times to meet current liabilities, particularly customer claims. The rule helps the SEC and self-regulatory organizations monitor broker-dealer financial condition under the Securities Exchange Act of 1934.
Compliance Burden on Broker-Dealers
Broker-dealer respondents subject to Rule 15c3-1 incur an aggregate annual time burden of approximately 67,773 hours and an aggregate annual cost burden of approximately $133,867 to comply. The SEC is soliciting written comments on ways to reduce this burden; comments must be submitted by June 1, 2026.
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Key Dates
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