Performance & Stability
        
        How Does Rule 15c3-5 Alter Liability for Firms with Sponsored Access Arrangements?
        
         
        
        
          
        
        
      
        
     
        
        Rule 15c3-5 shifts liability for sponsored access squarely onto the broker-dealer by mandating direct, exclusive control over risk management.

 
  
  
  
  
 