Digital asset securities: broker-dealer custody issues
By EsqSocial Corporation 13/01/21
As 2020 came to a close, the issue of how digital asset securities can be custodied by US broker-dealers became clearer, at least from a regulatory standpoint. In a release issued pursuant to the Securities Exchange Act of 1934, as amended (Exchange Act), on December 23, 2020, the Securities and Exchange Commission (SEC) laid out its vision for how broker-dealers can comply with the custody requirements of Rule 15c3-3 under the Exchange Act (the Customer Protection Rule) for investments in...
By: Eversheds Sutherland (US) LLP