*Letters

SIA Submits Comments to the NASD and NYSE on Supervisory Control Procedures

Published on:
October 3, 2003

The Securities Industry Association (SIA)* provides comments to the National Association of Securities Dealers (NASD) and the New York Stock Exchange (NYSE) on enhancing members’ supervisory control procedures. Certain provisions require additional clarification and slight modification, and if left unresolved could cause unnecessary confusion and subject firms to undue hardship. SIA urges the NASD and NYSE to have internal control requirements that enhance the effectiveness of member firms’ supervisory systems as a meaningful protection against fraud and abuse.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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