BDA recently commented on the current study the SEC is conducting on the effectiveness of the existing legal or regulatory standards of care for brokers, dealers and investment advisers when providing personalized investment advice and recommendations to retail investors and whether there are gaps, shortcomings or overlaps in the protection of retail customers.
BDA releases a policy brief on how and why financial reform should end “too big to fail”
BDA comments to the SEC that the MSRB’s proposals for the SHORT system are beneficial, but should be delayed for 2 months to allow for implementation
BDA submits comments to the MSRB that investment in ARS reporting is not warranted since the ARS market will likely go away.
BDA submits comments to the MSRB in support of NIIDS but asks for additional time to ensure implementation goes smoothly
The Bond Dealers of America wrote to the SEC to request additional guidance with respect to the ability of dealers to qualify under certain circumstances as “market makers” in the debt markets.
The Regional Bond Dealers Association strongly supports comprehensive financial regulatory reform, especially the legislative efforts to end the taxpayer bailout of financial institutions deemed “too big to fail.”
BDA working to scale back number of early close holidays in the bond market