eToro and Alpaca Get SEC Staff Relief for Brokerage Accounts That Hold No Cash
Writer: Damian Chmiel |
Date: 2026-09-19 08:01:00
This text was initially printed by FinTech – Finance Magnates | Monetary and enterprise information. The title and a short excerpt are offered for informational and reference functions. Readers ought to go to the unique writer for the whole article, supporting context, photographs, and any subsequent updates.
eToro USA Securities and Alpaca Securities gained no-action aid from US Securities and Change Fee (SEC) employees this week for accounts that maintain no buyer money. The cash sits at a financial institution or a cash transmitter as a substitute.
The 2 letters set how a lot capital every agency wants and the way buyer cash could transfer. eToro’s US broker-dealer, which introduces accounts to a clearing agency, could run the mannequin with…
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