SIFMA provides comments to the Securities and Exchange Commission (SEC) on File No. SR–NASDAQ–2012–059: Order Instituting Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Change to Establish “Benchmark Orders” under NASDAQ Rule 4751(f). SIFMA believes the SEC should disapprove Nasdaq’s proposal.
SIFMA, SIFMA AMG, American Bankers Association (ABA), Bank Policy Institute (BPI), Institute of International Bankers (IIB), Insured Retirement Institute (IRI),…