On June 29, the Securities and Exchange Commission issued an order raising the filing threshold for broker-dealers’ Form 17-H filings made pursuant to the Securities Exchange Act of 1934 Rules 17h-1T and Rule 17h-2T. The updated threshold will exempt broker-dealers that (1) do not hold funds or securities for, or owe money or securities to, customers and do not carry customer accounts, or (2) are exempt from Rule 15c3-3 pursuant to paragraph (k)(2) of that rule and that maintain total assets of less than $1 billion and capital, including debt subordinated in accordance with appendix D of Rule 15c3-1 under the Securities Exchange Act of 1934 of less than $50 million.

The press release is available here.

The SEC Order is available here.