FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA provides comments to the Securities and Exchange Commission (SEC) on temporary rule regarding principal trades with certain advisory clients, Release No. IA-2653; File No. S7-23-07. Comments are regarding the SEC Proposed Rule 206(3)-3T under the Investment Advisers Act of 1940, as amended, where SIFMA requests for an additional period of two years beyond its current scheduled expiration date of December 31, 2009.
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