A resolution that the Securities and Exchange Commission be directed to examine its rules and regulations and make such amendments as may be appropriate in order to reduce any unnecessary reporting burden on broker-dealers and help to assure the continued participation of small broker-dealers in the U.S. securities markets.

[AI summary unavailable — showing source text] Expresses the sense of the Senate that the Securities and Exchange Commission be directed to review and, if necessary, amend its rules and regulations to take recognizance of the role of small broker-dealers in the United States' securities markets and to permit such broker-dealers to effectively comply with the rules and regulations in the public interest without unnecessary administrative burdens; that it continue active consideration and implementation of the recommendations of the SEC Advisory Committee Study; that it continue to review the position of the small broker-dealer to insure the continued participation of such firms in the securities markets of the United States within the context of competitive policy and the protection of investors; and that it immediately proceed to examine and modify its rules and regulations to the extent it is found that the public interest is not commensurate with the burden imposed on small broker-dealers.…