ASA Letter to the SEC on SEC Transaction Fee Pilot

The American Securities Association (ASA) welcomes the opportunity to comment on the Securities Exchange Commission’s (SEC or Commission) proposed Transaction Fee Pilot for NMS Securities (Pilot). The ASA’s comments set forth in this letter are derived from the diversity of our membership, the different business models of our membership, and the vast experience our members have transacting in the U.S. equity markets.

Read the full letter