@article {Bartlett35, author = {Joseph W. Bartlett}, title = {ABA Task Force Urges the SEC to Promulgate {\textquotedblleft}Broker Dealer Lite{\textquotedblright}}, volume = {10}, number = {3}, pages = {35--42}, year = {2007}, doi = {10.3905/jpe.2007.686428}, publisher = {Institutional Investor Journals Umbrella}, abstract = {For some time now, in fact years, the SEC Staff has given hints in public that it intends to propose a regulation requiring placement agent/finders, currently unregistered with the SEC and not members of the NASD, both to register and join the NASD. At periodic public events, including seminars and symposia attended by interested SEC staffers, the panelists have outlined what the proposed regulation, known in the trade as {\textquotedblleft}broker/dealer lite,{\textquotedblright} will look like. The most recent significant event was the publication of an ABA Task Force Report in May 2005, recommending registration, and including commentary, both pro and con, on the Task Force Report{\textquoteright}s conclusions, and on the current, ambiguous state of play in the absence of SEC clarification. The following article outlines summarily the principal issues involved, forecasts as the author has for quite a number of years now, that eventually broker/dealer lite will be published and adopted, and discusses the issues posed by operations in the current {\textquotedblleft}Gray Area.{\textquotedblright}TOPICS: Private equity, exchanges/markets/clearinghouses}, issn = {1096-5572}, URL = {https://jpe.pm-research.com/content/10/3/35}, eprint = {https://jpe.pm-research.com/content/10/3/35.full.pdf}, journal = {The Journal of Private Equity (Retired)} }