Letters

Supporting the Small Cap Liquidity Reform Act

Summary

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.

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