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  • Open Call Report – Rule 606
    by Jim Toes on March 18, 2019 at 8:21 pm

    STA Open Call – March 13, 2019 – Call Notes[1] Rule 606: Getting Closer Mark Davies, S3 Rule 606 Infographic LINK Opening Remarks – Jim Toes, STA STA Comment Letters Since the last Open Call, STA has filed three (3) comment letters on: SEC No-Action Letters on MiFID II, Senate Banking on Capital Formation and…  Read more The post Open Call Report – Rule 606 appeared first on Security Traders Association. […]

  • Talking Points – March 2019
    by Jim Toes on March 18, 2019 at 6:51 pm

    Discussion Document – March 2019 Who We Are STA is comprised of 24 affiliate organizations covering the entire US and Canada. The STA national board of governors is comprised of past presidents and industry specific leaders. Our membership represents INDIVIDUALS from varying business models – buy-side, sell-side, hedge funds, exchange traders and market makers- dealing…  Read more The post Talking Points – March 2019 appeared first on Security Traders Association. […]

  • We are all Trailblazers: Celebrating International Women’s Day 2019
    by Dawn Combs on March 8, 2019 at 4:05 pm

    We are all Trailblazers by Kate McAllister Virtu Financial & STA WIF Co-Chair   As we celebrate the 110th International Women’s Day it is both amazing and inspiring to reflect upon more than a century of achievements by women. Each generation has continued to improve its educational attainment during the course of a lifetime. Through that knowledge and…  Read more The post We are all Trailblazers: Celebrating International Women’s Day 2019 appeared first on Security Traders Association. […]

  • Comment Letter: Subcommittee on Diversity & Inclusion
    by Jim Toes on February 27, 2019 at 10:30 pm

    The Security Traders Association (“STA”) is a grassroots industry organization comprised of 24 affiliates in the U.S. and Canada. STA members represent individuals employed in the financial services industry across varying business models. This broad-based membership, along with input from STA Advisory Committees, provides a unique perspective on market structure issues, events and trends. In…  Read more The post Comment Letter: Subcommittee on Diversity & Inclusion appeared first on Security Traders Association. […]

  • Comment Letter: Senate Banking Committee: Capital Formation
    by Jim Toes on February 27, 2019 at 9:33 pm

    The Security Traders Association (STA) appreciates the opportunity to provide comments on legislative proposals in advance of the February 28, 2019, Senate Committee on Banking, Housing, and Urban Affairs hearing on “Legislative Proposals on Capital Formation and Corporate Governance.” The STA comments are focused on the following provisions in S.488, the JOBS and Investor Confidence…  Read more The post Comment Letter: Senate Banking Committee: Capital Formation appeared first on Security Traders Association. […]

  • Financial Transaction Tax: This Time it’s Different, or is it?
    by Jim Toes on February 21, 2019 at 4:42 pm

    As the field of 2020 Presidential candidates unfolds, it is becoming evident that a financial transaction tax (FTT) will be presented as a progressive means of raising funds for government programs. This will not be the first time our industry has faced this issue, and while details have yet to unfold, a proposed FTT will…  Read more The post Financial Transaction Tax: This Time it’s Different, or is it? appeared first on Security Traders Association. […]

  • Comment Letter: SEC No-Action Letters; MiFID II
    by Jim Toes on February 16, 2019 at 7:58 pm

    STA believes that a meaningful number of market participants anticipate the Commission granting an extension on the existing “no-action” relief. Therefore, a decision to allow the relief to expire in July 2020 risks to be highly disruptive if firms are not provided adequate time to adjust to the regulatory regime. Expiration would have a particular…  Read more The post Comment Letter: SEC No-Action Letters; MiFID II appeared first on Security Traders Association. […]

  • Open Call Report – Cannabis’ Emerging Opportunities
    by Jim Toes on February 8, 2019 at 5:03 pm

    STA Open Call – February 7, 2019 Call Notes[1] Cannabis: Emerging Opportunities Sachin Barot, CEO Ceres Labs Giadha Aguirre deCarcer, Founder & CEO New Frontier Data State of the Cannabis Union Report Here Opening Remarks – Jim Toes, STA Rule 606 – STA met with the SEC’s Trading & Markets team on the SEC’s Final…  Read more The post Open Call Report – Cannabis’ Emerging Opportunities appeared first on Security Traders Association. […]

  • Aiming to capitalize on a shifting liquidity landscape? Think about your platform
    by Jim Toes on February 7, 2019 at 4:44 pm

    Core strengths of our market ecosystem include its ability to serve a wide variety of investor types and the efficiencies it provides for capital to move across asset classes and international borders. In September 2018, a report published by the Bank for International Settlements identified three key structural trends that “have intensified in recent years” both domestically…  Read more The post Aiming to capitalize on a shifting liquidity landscape? Think about your platform appeared first on Security Traders Association. […]

  • Comment Letter: Industry Letter; 18th Amendment to LULD
    by Jim Toes on February 1, 2019 at 8:16 pm

    We are writing in regards to the Commission’s ongoing efforts to improve the resiliency of the equity market. We represent a diverse cross-section of market participants who are committed to ensuring that equity market structure fosters fair and efficient markets and adequately supports the needs of investors and issuers Read full letter here The post Comment Letter: Industry Letter; 18th Amendment to LULD appeared first on Security Traders Association. […]