Withholding With Respect to Digital Asset Transactions
SIFMA provided supplemental comments to the U.S. Department of Treasury (DOT) on its September 13, 2024, letter regarding brokers’ information…
The Asset Management Group of SIFMA (SIFMA AMG) provides comments to the National Futures Association (NFA) on the NFA’s Notice to Member (NTM) requesting comments concerning possible capital requirements and other customer protection measures for registered commodity pool operators (CPOs) and commodity trading advisers (CTAs). The NTM explains that NFA is evaluating potential regulatory responses to recent membership responsibility actions (MRAs) against certain CPOs and CTAs that are members of NFA (CPO/CTA member)
SIFMA AMG carefully reviewed the MRAs and agree with NFA that they present legitimate concerns about fraud and mismanagement of client assets. However, the group believes that those concerns cannot be mitigated by a capital requirement or the other measures discussed in the NTM.
SIFMA provided supplemental comments to the U.S. Department of Treasury (DOT) on its September 13, 2024, letter regarding brokers’ information…
SIFMA, Investment Company Institute (ICI), and PenServ Plan Services, Inc. provided comments to the Internal Revenue Service (IRS) in response…
SIFMA, American Bankers Association (ABA), America’s Credit Unions (ACU), Bank Policy Institute (BPI), Consumer Bankers Association (CBA), the Independent Community…