On January 13th, the SEC voted to propose for comment amendments that would effectively prohibit broker-dealers from providing customers with "unfiltered" or "naked" access to an exchange or alternative trading system. The SEC also approved a new Nasdaq rule that requires broker-dealers offering sponsored access to Nasdaq to establish certain controls over the financial and regulatory risks of that activity. SEC Press Release. See also Schapiro Open Meeting Remarks; Walter Open Meeting Remarks; Paredes Remarks. On January 15th, Bloomberg reported that the SEC's proposal may cause high-speed traders to register as broker-dealers. Registration. The SEC also approved a new Nasdaq rule requiring broker-dealers offering sponsored access to Nasdaq to establish certain controls over the financial and regulatory risks of that activity.