Tag Archives: PSE

New Compliance Mandates for Broker-Dealers Using Rep-Owned Personal Services Entities (PSEs)

Executive Summary On November 17, 2025, the Securities and Exchange Commission’s (SEC) Division of Trading and Markets issued a much-anticipated no-action letter clarifying whether a representative-owned Personal Services Entity (PSE) … Continue reading New Compliance Mandates for Broker-Dealers Using Rep-Owned Personal Services Entities (PSEs)