SIFMA provides comments to the U.S. Congress supporting the Small Cap Liquidity Reform Act of 2013, H.R. 3448.
This legislation establishes a pilot program, managed by the Securities and Exchange Commission (SEC), to widen the quoting increment for a basket of stocks from a penny to a nickel or dime.
Including and beyond this legislation, SIFMA and its member firms encourage Congress to complete a comprehensive review of the environment for capital formation.
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on the Proposed Accounting Standards Update—Environmental Credits and Environmental Credit…