The STA submitted a comment letter to the Financial Stability Oversight Committee on whether asset management products & activities may pose potential risks to the US financial system in the areas of; liquidity & redemptions, leverage, operational functions and resolutions.
"STA strongly believes that any discussions or review...needs to be in the context that the asset management industry today is functioning properly and that there are no signs of significant deficiencies or an inability to perform its important function". Read the full comment letter here
SEC Commissioner Aguilar on Regulatory Challenges of the 21st Century
SEC Commissioner Aguilar addresses the Georgia Law Review Annual Symposium on "Financial Regulation: Reflections and Projections" Read his full speech here
SEC Commissioner Piwowar on Equity Market Structure
Commissioner Piwowar discussed the need for the SEC to review equity market structure. He noted the steps the SEC has taken towards a Tick Size Pilot Program and creation of the Market Structure Advisory Committee. He also noted industry actions in this area such as Nasdaq's access fee pilot. Read full remarks here
Senate Banking on Venture Exchanges and Small Cap Companies
On March 10, the Senate Banking Committee's Subcommittee on Securities, Insurance and Investment held a hearing on the "Venture Exchanges and Small-Cap Companies." The hearing focused on "challenges of trading stocks of small companies and whether a venture exchange can aid capital formation and secondary trading for smaller companies." Read W&J's report here
SEC Advisory Committee on Small and Emerging Companies
On March 4 the SEC's Advisory Committee on Small and Emerging Companies (Advisory Committee) convened a meeting to focus on ways to increase the opportunities for investors in small and emerging companies to resell their shares as well as consideration of recommendations to the SEC regarding the definition of "accredited investor." Read more here
Senate Finance Committee Hearing on Fairness in Taxation
On March 3, the Senate Finance Committee held a hearing titled "Fairness in Taxation." The hearing focused on how fairness should be defined in tax reform. The hearing also examined ways to encourage economic growth and reduce income inequality. Read W&J's report here
STA Visits The Hill
Feb 26/27, STA visits on;
Shareholder Id, OCC Capital Raise, FSOC, Rule 15b1-9; Talking PointsMarch 24, STA visits on;
Venture Exchanges, Cross border issues with Canada; Talking Points
