State Registered Investment Advisers and Prime Broker Arrangements
Published on:
July 8, 1997
The Ad Hoc Prime Brokerage Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission on state registered investment advisers and prime broker arrangements. SIA requests the SEC Division of Market Regulation clarify the application of its no-action letter dated, January 25, 1994, (the SIA Prime Brokerage No-Action Letter) to investment advisers that are registered with a state securities administrator.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.