29 Sep 2025
📊SEC Rule 17a-4
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17a-4
Summary
The Securities and Exchange Commission (SEC) is soliciting comments regarding the proposed collection of information under Rule 17a-4, which stipulates specific recordkeeping requirements for broker-dealers. This includes the preservation of various business records for designated periods. The rule impacts operational efficiency and financial resources for approximately 3,298 active firms in the securities industry.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines compliance requirements under Rule 17a-4, mandating broker-dealers to maintain and preserve extensive records, impacting business operations and costs. The SEC estimates significant annual recordkeeping and financial burdens for firms, which can affect profitability and operational efficiency.