SIFMA Statement on Senate Introduction of the Fair Access to Investment Research Act

Release Date: June 24, 2016
Contact: Carol Danko, 202-962-7390, [email protected]

SIFMA Statement on Senate Introduction of the Fair Access to Investment Research Act

Washington, D.C., June 24, 2016– SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the introduction of the Senate companion to the Fair Access to Investment Research Act (S. 3092) by Senators Dean Heller (R-NV) and Gary Peters (D-MI):

“We applaud Senators Heller and Peters for introducing the Fair Access to Investment Research Act, which would reduce obstacles to research on exchange traded funds (ETFs) and registered investment companies. This bill simply clarifies securities laws by providing a statutory safe harbor for certain covered ETF research reports and directing the SEC to promulgate rules, as appropriate, for research on other funds under the Investment Company Act of 1940. As the ETF market continues to grow, this bill’s common sense clarifications will allow broker-dealers to share research on ETFs, providing consumers with greater access to information and fueling capital formation.”