MLchartDataset catalogue

Customer Protection Rule

Term · Law · MLC-T-LAW-001452

A regulation enforced by the Securities and Exchange Commission (SEC) that requires broker-dealers to safeguard customer funds and securities. It mandates that firms maintain physical possession or control of fully paid and excess margin securities and segregate customer cash from firm assets. This rule, codified as Rule 15c3-3 under the Securities Exchange Act of 1934, aims to protect investors in the event of a broker-dealer's insolvency.

Table 1. Record
IdentifierMLC-T-LAW-001452
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001452",
  "term": "Customer Protection Rule",
  "field": "Law",
  "definition": "A regulation enforced by the Securities and Exchange Commission (SEC) that requires broker-dealers to safeguard customer funds and securities. It mandates that firms maintain physical possession or control of fully paid and excess margin securities and segregate customer cash from firm assets. This rule, codified as Rule 15c3-3 under the Securities Exchange Act of 1934, aims to protect investors in the event of a broker-dealer's insolvency.",
  "url": "https://mlchart.com/terminology/law/customer-protection-rule/"
}

Record 1,311 of 5,441 in Law terminology (MLC-0107). Request the full dataset.