Published May 18, 2021, 3:46 PM
The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating.
This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the commission released recently.
The rating is based on the 2021 Sectoral Risk Assessment for the Securities Sector, conducted by the SEC with technical assistance from the Asian Development Bank.
The assessment covered all of the 304 brokers, dealers, investment houses, underwriters of securities, government securities eligible dealers (GESDs), investment company advisers, mutual fund distributors and investment companies under the supervision of the SEC.