The Security Traders Association (“STA”) is a grassroots industry organization comprised of 24 affiliates in the U.S. and Canada. STA members represent individuals employed in the financial services industry across varying business models. This broad-based membership, along with input from STA Advisory Committees, provides a unique perspective on market structure issues, events and trends. In response to the creation of the Subcommittee on Diversity & Inclusion (“Subcommittee”) and the February 27 hearing titled, “Diversity Trends in the Financial Services Industry,” we would like to make you aware of our STA Women in Finance, (“STA WIF”) initiative and offer remarks based on our experiences since its formation in 2014.

First, STA would like to commend the creation of the Subcommittee on Diversity and Inclusion and we look forward towards achieving the goals of increasing the number of women and minorities working and achieving success in the financial services industry. STA believes the Subcommittee can play a constructive role in advancing conversations and decisive actions which improve the overall state of diversity in our industry.

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