*Letters

SIA Submits Comments to the SEC on the Implementation of Standards of Professional Conduct for Attorneys

Published on:
April 7, 2003

The Securities Industry Association (SIA)* provides comments to the Securities Exchange Commission (SEC) on the implementation of Standards of Professional Conduct for Attorneys, File No. S7-45-02. SIA suggests that the rule will allow corporate officials to shy away from seeking legal advice, or trim what they tell their lawyers, weakening everyday corporate compliance with federal and state laws. SIA’s concern with the two versions of reporting-out proposed by the SEC is that it would discourage candor between issuers and their attorneys. SIA suggests alternative legislation that would be tailored to be consistent with the standard applied in most states.

*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.