Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, September 15, 2008

SEC's Announcement about Lehman

The Securities and Exchange Commission announced Sunday evening that, together with the Treasury and the Federal Reserve, it is working with Lehman Brothers to address the issues that it faces. In particular, the SEC is taking actions to ensure that customers of Lehman Brothers Inc., the U.S. regulated broker-dealer subsidiary of Lehman Brothers Holdings Inc., which holds the accounts of Lehman’s U.S. securities customers, will not be adversely affected by recent market events. SEC staff who have been on-site at the U.S. broker-dealer will remain in place in coming weeks. The SEC is also coordinating with overseas regulators to protect Lehman’s customers and to maintain orderly markets.

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