A bill to amend the Securities Exchange Act of 1934 to facilitate the regulation of banking institutions regularly engaged in the business of effecting transactions in securities for the accounts of others.

Summary

Defines the term "broker", under the Securities and Exchange Act, to exclude a bank unless it solicits transactions in securities to be effected by the bank as agent for the accounts of others. (Amends 15 U.S.C. 78(c)(4))

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 November 1973

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

2. 15 November 1973

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 15 November 1973

  Open at official source

Sponsors

• Sen. Brooke, Edward W. [R-MA] · R · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.