On October 9th, the SEC published a proposal to amend Rule 206(3)-3T of the Investment Advisers Act of 1940. Rule 206(3)-3T is a temporary rule establishing an alternative route for investment advisers registered as broker-dealers to meet the requirements of section 206(3) when they act as principals in transactions with certain advisory clients. The amendment would change the rule's sunset date, moving it from December 31, 2012 to December 31, 2014. Comments should be submitted within 30 days after publication in the Federal Register. SEC Release IA-3483.