As SEC Puts Finishing Touches on Dealer Rule, Stanford Professor Warns of Risk to Treasury Markets

Also, Finra finds that brokers appear to be making lots of misleading statements about crypto investments

It’s been almost two years since the SEC proposed requiring a large swath of hedge funds and high frequency trading firms to register as Treasury “dealers,” a designation that entails much more onerous regulation. A final rule is now in sight, prompting a last-ditch lobbying campaign to get the agency to scale back the plan.

Though the effort has always …