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SEC relaxes restriction imposed on Stock Brokers

Aug 17, 2011 1:31:54 AM - news.lk

imagesThe Securities and Exchange Commission (SEC) reviewed the restriction imposed on Stock Brokers in extending credit to investors and has decided to relax the said restriction subject to certain prudential requirements being met by the Licensed Stock Brokers, in order to facilitate retail investors to have access to credit by such Licensed Stock Brokers.