The Equity Dealers of America submitted a comment letter to the SEC urging the agency to decline to approve a rule proposal from Bats Exchange that would further complicate the equity market structure and add little to no value to market participants. EDA Letter to SEC on Bats Proposal SR-BatsBZX-2017-34
EDA, along with several other trades, expresses its concerns with Nevada law SB 383, which removes the exemption for broker-dealers from the definition of financial planner. Final Joint Letter to Foley_June 23 2017 (002)
The Equity Dealers of America (EDA) appreciates the opportunity to comment on the Financial Industry Regulatory Authority’s (FINRA) notice regarding potential enhancements to certain engagement programs (Engagement Notice). Read the Full Letter
“The EDA also believes that the Fiduciary Rule should be rescinded in its entirety and that a further delay to the applicability date by the DOL will be necessary to achieve that end. We strongly support this course of action.” Click here, to read the letter.
“Today the Equity Dealers of America filed a comment letter with the DOL supporting its proposed delay of the applicability date.” Click here, to read the letter.
“Today the Equity Dealers of America filed a comment letter with FINRA supporting its proposed amendment to Rule 2210. Two highlights from the letter are set forth below: “Providing registered representatives (“RR”) of EDA members with the flexibility to use the Illustration with their clients when discussing asset allocation and investment strategies as set forth in the Regulatory Notice 17-06, even if we ultimately decide not to use it, would place our members on a level playing field with stand-alone… read more →
The Equity Dealers of America write Speaker Ryan and Leader Pelosi to urge the U.S. House of Representatives to take up and pass H.J. Res. 88, ‘Disapproving the rule submitted by the Department of Labor relating the definition of the term “Fiduciary”‘. Click here, to read the letter.