*Letters

Professional Account Holders Proposal

Published on:
July 28, 2008
Committee:

The Equity Options Trading Committee of SIFMA provides comments to the Securities and Exchange Commission (SEC) on the International Securities Exchange’s (ISE) proposal regarding th definition and regulation of professional account holders, SR-ISE-2006-26; SEC Release No. 34-57254.  While SIFMA applauds the intentions of the proposal, it has concerns about the methodology. SIFMA believes that Electronic Access Members (EAMs) would not be able to meet monitoring and routing obligations, allowing professional customers to “game” the system. SIFMA also notes that extra consideration must be given to; order breakdown, limited visibility, clearing firms versus executing firms, cancellations/replaces/modifications/correction orders, and information barriers between entities.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.