Tag: SIFMA

Securities Association Taps Exchange Lawyer as General Counsel

The Securities Industry and Financial Markets Association has hired former SEC and NYSE veteran Saima Ahmed as general counsel. Ahmed joins the trade association for the US securities industry from NYSE Regulation Inc., the regulatory arm of the Intercontinental Exchange Inc.-owned New York Stock Exchange. She was a senior director and head of the exchange’s market watch and corporate actions…

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SIFMA Statement on the SEC’s Final Regulation Best Interest Rule

“As written, the SEC’s Regulation Best Interest rule will impose a materially heightened standard of conduct for broker-dealers when serving retail clients. While principles-based, the rule is specific with respect to the duty and obligations brokers owe to their clients, and what steps they must take to comply, including the obligation to eliminate, or disclose and mitigate, certain conflicts of…

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