PHOENIX - Banking regulators are close to a decision on what constitutes a retail brokerage transaction, a key adviser to the Comptroller of the Currency said.

The ruling should clear up questions about which sales are subject to joint regulatory guidelines on bank investments, David Apgar, senior policy adviser to Comptroller Eugene A. Ludwig, told a Bank Securities Association convention here.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.