Security Traders Association

The Security Traders Association (“STA”) appreciates the opportunity to provide comments inresponse to the aforementioned proposal (the “Proposal”)2 published by the U.S. Securities andExchange Commission (“SEC” or “Commission”). STA is […] Read More

As you have highlighted in many contexts, the U.S. Securities and Exchange Commission’s (Commission) tripartite mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. […] Read More

STA urges the Senate to consider the negative impact of the Modernization of Derivatives Act (MODA 2021). The legislation would require mark-to-market tax treatment for derivatives contracts and require gains […] Read More

STA does not support the Proposed Funding Model and we recommend the Commission deny the Filing and instruct the Operating Committee for CAT to address issues involving collaboration with Industry […] Read More

STA appreciates the Committee’s actions of holding three public virtual hearings on the market events in late January 2021 involving GameStop and other meme stocks. Public hearings serve an invaluable […] Read More

STA opposes FTTs because they are paid by the end investor and result in higher trading costs due to wider spreads, decreased liquidity, increased price volatility, or lower performance on […] Read More

The U.S. markets are in a constant state of evolution driven by innovation and at times, new entrants. Throughout the history of U.S. markets, there have been moments when inefficiencies […] Read More

STA believes the Strike Interval Proposal introduces an efficient strike listing standard that balances the interests of option market makers, liquidity providers and investors and, if replicated by other option […] Read More

“STA acknowledges that the current reporting threshold presents burdens on certain small investment managers, but given the importance of the information from Form 13F we recommend that the Commission exercise extreme caution […] Read More