Government Securities Act of 1986

The Government Securities Act of 1986 establishes regulations for government securities brokers and dealers to ensure their integrity, stability, and efficiency. The Act requires registration with the Commission or an appropriate regulatory agency for these entities and imposes financial responsibility, record-keeping, and reporting requirements. The Secretary of the Treasury is authorized to issue orders and propose rules under this section, but this authority will terminate on October 1, 1991. The Act also makes conforming amendments to the Securities Exchange Act of 1934 and adds definitions for government securities brokers and dealers.