|
Following receipt and review of comments, the Commission will determine whether rulemaking or other action is appropriate. Commenters are invited to discuss the broad range of concepts and approaches described in this release concerning the Commission's regulation of broker-dealers' net capital requirements. In addition to responding to the specific questions presented in this release, the Commission encourages commenters to provide any information to supplement the information and assumptions contained herein regarding the current net capital rule, VAR models, and the other suggested alternatives. The Commission also invites commenters to provide views and data as to the costs and benefits associated with the possible changes discussed above in comparison to the costs and benefits of the current net capital rule. In order for the Commission to assess the impact of changes to the Rule, comment is solicited, without limitation, from investors, broker-dealers, SROs, and other persons involved in the securities markets.
By the Commission. Jonathan G. Katz Secretary Dated: December 17, 1997
|
