SIA Submits Comments to the NASD and NYSE on Regulatory Inconsistency and the Coordinated Examination Process
Published on:
August 19, 2002
The Securities Industry Association (SIA)* provides comments to the National Association of Securities Dealers, Inc. (NASD) and the New York Stock Exchange (NYSE) on the survey letter sent to joint members soliciting information on regulatory inconsistency and the coordinated examination process. SIA applauds the regulatory review, and note that both duplicative and conflicting regulation across self-regulatory organizations (SROs), as well as government regulators, yields little benefit while depleting valuable administrative and economic resources from all segments of the securities industry.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.