SEC statement regarding recent markets events – Lehman

15 September 2008

The SEC is taking actions to ensure that customers of Lehman Brothers will not be adversely affected by recent market events. It is also co-ordinating with overseas regulators to protect Lehman’s customers and to maintain orderly markets.

The SEC announced 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 will not be adversely affected by recent market events.

 

The SEC is also co-ordinating with overseas regulators to protect Lehman’s customers and to maintain orderly markets.

 

“For several days, we have worked closely with regulators around the world including the FSA in the United Kingdom, the BaFin in Germany, and the FSA in Japan, as well as our counterparts in other markets around the world, to coordinate our actions in the interest of orderly markets,” said SEC Chairman Christopher Cox.

 

In furtherance of these objectives, the SEC is focused on ensuring that customers of the U.S. broker-dealer remain protected through, among other means, enforcing continued compliance with the SEC net capital and customer asset protection rules, and ensuring continued customer access to their cash and securities.

 

Press release

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