Category: STA in DC

STA Comment Letter on SRO; NYSE Arca; Notice of Filing to List and Trade Shares of Grayscale Bitcoin Trust (BTC)

The Security Traders Association (“STA”) appreciates the opportunity to providecomments in response to the above-referenced notice (“Notice”) of Form 19b-4 underthe Securities Exchange Act of 1934 (as amended, the “Exchange Act”) that NYSE Arcafiled to convert Grayscale® Bitcoin Trust (“GBTC”) under NYSE Arca Rule 8.201-E as anexchange-traded product (“ETP”). STA urges the Securities and Exchange…  Read more

STA Comment Letter on Amendments Regarding the Definition of “Exchange” and Alternative Trading Systems (ATSs) That Trade U.S. Treasury and Agency Securities, National Market System (NMS) Stocks, and Other Securities

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 an organization comprised of individualswho are involved in the trading of financial securities in the U.S and Canada. Our members areemployed at retail brokerage firms,…  Read more

STA Comment Letter on the Importance of Appropriate Length of Comment Periods

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. The rules crafted and enforced by the Commission are the vital foundation of the Commission’s critical mission objectives. The Associations, however, are concerned that meaningful…  Read more

Talking Points – March 2022

Who We Are Founded in 1934, STA[1] is comprised of 24 affiliate organizations in the US and Canada. The STA national board of governors is comprised of past presidents and industry specific leaders. Our membership represents INDIVIDUALS from varying business models: asset owners; asset managers; broker dealers who service institutional, retail and self-directed retail investors;…  Read more

Talking Points – February 2022

Regulatory Notice 21-35; Costs/benefits of “look-through” requirements in order handling reports As a result of the 2018 amendments to Rule 606, Rule 606 comprises of reporting requirements that relate to order routing for held and not-held orders in equities and options. These requirements include the collection and processing of data from downstream broker-dealers and execution…  Read more