Too Long; Didn't Read
In the ongoing case of SEC vs. Binance, this segment delves into the statutory and legal framework crucial for the proper functioning of U.S. securities markets. The SEC emphasizes the importance of separate registration for exchanges, broker-dealers, and clearing agencies to minimize conflicts and protect investors from manipulation and fraud. Broker-dealers, acting on behalf of investors, must become members of national securities exchanges and adhere to FINRA's rules. Registered intermediaries are subject to rigorous record-keeping and inspection requirements to ensure fair and transparent operations in the securities markets, with a focus on protecting investor assets and rights. This case is part of HackerNoon's Legal PDF Series, providing insightful public domain court case filings for your understanding.