SIA and TBMA Submit Supplementary Comments to the SEC on Standards of Professional Conduct for Attorneys
Published on:
December 18, 2002
The Securities Industry Association (SIA)* and The Bond Market Association (TBMA)* provideadditionalcomments to the Securities and Exchange Commission (SEC) on a proposed rule on implementation of standards of professional conduct for attorneys, Release Nos. 33-8150; 34-46868; IC 25829; File No. S7-45-02. Because of the complexity of the proposed rules, notably the “reporting out” provision and the application of the proposed rule to foreign attorneys, the groups urge the SEC, at this juncture, to adopt only such rules as the Sarbanes-Oxley Act of 2002 specifically requires.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.