MFA Comment Letter on SEC Decimalization Roundtable

The Managed Funds Association ("MFA") submitted a comment letter in response to the SEC's request for comments as to whether the SEC should institute a larger tick size for small issuers, with the goal of encouraging market makers to provide research as to, and liquidity in, small stocks. Generally, the letter expresses some skepticism as to the idea of widening the tick size. However, if the SEC determines to try an experiment by doing so, the MFA letter sets out a general methodology of how such a test might proceed.

View letter in full here (links externally to MFA website).See also: SEC Advisory Committee Releases Recommendations for Small Businesses.