As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange
Davis Polk Discusses New SEC Rules on Definition of “Dealer”
On February 6, 2024, the SEC adopted by a 3-2 vote a set of final rules that “further define” terms used in the statutory definition of “dealer,” adjusting the “dealer-trader” distinction in a way that could significantly expand the scope …