*Letters

SIA and FIA Submit Comments to the CFTC and SEC on the Treatment of Customer Funds

Published on:
December 5, 2001

The Securities Industry Association (SIA)* provide comments to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the treatment of security futures products andrelated customer funds, CFTC proposed Rule 41.42; SEC File No. S7-17-01. The groups believe the proposals meet the statutory directive of avoiding conflicting or duplicative regulations affecting fully registered broker-dealer/futures commission merchants (FCMs), while generally leaving each entity the decision with respect to the manner in which the funds and positions are held. The groups support the proposals, and offer their observations and recommendations.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

Details

Download

More Content

  • Letters
    Oct 22, 2026

    Treasury/IRS Notice 2026-49: Guidance on Section 324 of the SECURE 2.0 Act with Respect to Rollovers

    SIFMA supports modernizing retirement plan rollovers through standardized electronic processes, fraud safeguards and appropriate implementation timelines.
  • Amicus Briefs
    Oct 21, 2026

    In re USD LIBOR Litigation

  • Letters
    Oct 20, 2026

    SEC’s Proposed Rule Regulation Crypto Assets

    SIFMA and SIFMA AMG provide recommendations to the SEC on its proposed crypto asset regulation, addressing regulatory clarity, implementation and investor protection.

Get the latest trends, stats, and research on financial markets and securities.