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SEC RIN: 3235-AH78 Publication ID: Fall 1999 
Title: ●Certain Broker-Dealers Not Deemed To Be Investment Advisers 
Abstract: The Division is considering recommending to the Commission that it publish for comment a new rule under the Investment Advisers Act of 1940 that would exempt from the definition of investment adviser those broker-dealers offering nondiscretionary, full-service brokerage programs so long as the investment advice provided is solely incidental to the brokerage services and other conditions are satisfied. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 17 CFR 275.202(a)(11)(F)-1   
Legal Authority: 15 USC 80b-2(a)(11)(F)   
Legal Deadline:  None
Action Date FR Cite
NPRM  11/00/1999    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Included in the Regulatory Plan: No 
Agency Contact:
James David Fielder
Division of Investment Management
Securities and Exchange Commission
Phone:202 942-0530