Tags: Capital Formation

Trading Views Podcast

In Episode 6, we speak with Kevin Sampson, President, Equity Trading, TMX Group. Our conversation touches on a range of topics from throughout 2020, including the resilience of the markets during peak volatility: the surge in activity from retail investors and how that dynamic is playing out in Canada; the potential consequences of the recent U.S. elections on Canadian financial markets and ESG.

In his role, Mr. Sampson leads the trading businesses of TMX and has also served on several committees to help foster constructive dialogue regarding market structure and policy issues in Canada.

Trading Views Podcast

In Episode 5, we sat down with U.S. Rep. Bill Huizenga of Michigan, Ranking Member of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. We covered the Congress’s early response to COVID 19; the rise of social unrest and how social media influences it; the SEC’s efforts to improve and modernize capital formation and Canada.

Trading Views Podcast

In Episode 2, we brought together Jacob Rappaport, Managing Director and Head of Global Equities at StoneX Group (formerly INTL FCStone) and Dan Zinn, General Counsel and Corporate Secretary for OTC Markets where he leads the company’s regulatory and policy making efforts to discuss the proposed amendments to Rule 15c2-11 in the Road to Modernize the OTC Market.

In September 2019, the SEC announced proposed amendments designed to modernize Rule 15c2-11 and enhance investor protection by requiring that current and publicly available issuer information is accessible to investors. The OTC market has seen significant technological improvements since the last substantive review by the SEC in 1991.

SEC Market Structure Speech on Issuers

Newsletter

The Nexus of Equity Market Structure and Investor Relations: Remarks at the 2019 Annual Conference of the National Investor Relations Institute

“..the Division of Trading and Markets is intensely reviewing a series of important questions and policy initiatives that I believe should be of great interest to issuers and their investors as they participate in the U.S. equity markets.” – Brett Redfearn, Director Division of Trading & Markets

Ms. Allison Lee, Confirmation

On Thursday, June 20th, The U.S. Senate by voice vote, confirmed Allison Lee  to serve as a Securities and Exchange commissioner, bringing the markets regulator back to full strength.

SEC Commissioner Peirce on Crypto & Grill

SEC Commissioner Hester Peirce discusses the role and responsibilities of the SEC, and how that impacts the crypto landscape with Crypto & Grill.

Read June newsletter here

STA Comment Letter

Newsletter

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