A Broker's Disclosure of Payments for Money Market Sweeps: The Second Circuit Defers to the SEC
DAVID L. CAREY
(Senior counsel at the New York Stock Exchange.)
32
Abstract
The author examines a recent decision from the United States Court of Appeals for the Second Circuit, Press v. Quick & Reilly. It examines the claims made with regard to “sweeps” into money market accounts discussing both the SEC's and the court's discussion of disclosure requirements.
Citation
CAREY, D.L. (2001), "A Broker's Disclosure of Payments for Money Market Sweeps: The Second Circuit Defers to the SEC", Journal of Investment Compliance, Vol. 1 No. 4, pp. 61-63. https://doi.org/10.1108/eb045895
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited