Who Actually Needs to Register as a Broker-Dealer? — SEC Roundup
September 9, 2025 by Nicolas Morgan & Tom Zaccaro
Welcome to SEC Roundup, a bimonthly video series by former Securities and Exchange Commission senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Choice Advocates Network.
In this episode, Morgan and ICAN advisory board member Rodrigo Seira of Cooley are joined by Miles Jennings, head of policy and general counsel at Andreessen Horowitz (a16z), to break down a timely and impactful proposal for the SEC. Andreessen Horowitz (a16z) and the DeFi Education Fund are proposing a “safe harbor” from SEC broker registration for fintech applications that do not present the risks the law was designed to address.
Originally Posted at Think Advisor on Sept 5, 2025 by Nicolas Morgan & Tom Zaccaro.
Categories: Industry Articles
