A-Team Insight Briefs

SEC Further Delays Rule 606

On September 4, in response to a new request from the Financial Information Forum and the Security Traders Association, the SEC extended the compliance deadline for Rule 606 amendments. This represents the second extension for the routing practices regulation, which was first proposed in November 2018 with an original deadline of May 2019, and subsequently delayed to October 2019. The latest extension pushes the implementation deadline back to January 1, 2020 for all broker-dealers for Rule 606(a) and for self-routing broker-dealers for Rule 606(b), and to April 1, 2020 for broker-dealers who outsource routing activity.

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