Letters

Regulation of Organized Securities Markets

Summary

The Bond Market Association (TBMA)* provides comments to the Securities and Exchange Commission (SEC) on the regulation of organized securities markets, File No. S7-16-97. TBMA shares concerns about the application of traditional centralized equity concepts to the over-the-counter (OTC) fixed markets with no apparent consideration of the fundamental differences between these types of markets.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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