STA files letter with Senate Banking Committee on Capital Formation
STA supports Title IX of S.488 (115 th Congress) and S.2347 (115 thCongress), which would expand testing-the-waters to all issuers, and would level the playing field for issuers trying to compete for capital and provide benefits to investors by providing more time for them to make an investment decision. Here
STA files letter with SEC on no-action relief; MiFID II
STA believes that a meaningful number of market participants anticipate the Commission granting an extension on the existing “no-action” relief. Therefore, a decision to allow the relief to expire in July 2020 risks to be highly disruptive if firms are not provided adequate time to adjust to the regulatory regime. Expiration would have a particular impact on those broker-dealers who may decide to register their research departments as investment advisers to accommodate cash payments. Here
See STA February Newsletter here