Did you Know?- SEC Rule 17Ad-17 and Unresponsive Payees
Did You know?- August 5, 2014
DID YOU KNOW - SEC Rule 17Ad-17 and Unresponsive Payees
At the recent SSA Annual Conference, a few questions were raised in the Open Forum Session regarding Rule 17Ad-17. Information on the Rule is provided below:
On January 16, 2013, the Securities and Exchange Commission (SEC) approved revisions to Rule 17Ad-17 that require paying agents to notify "unresponsive payees" as to the status of certain non-negotiated payments.
To read more and hear the discussion click Here.