SIFMA Submits Comments to SEC on Electronic Transmission of Proxy Material

SIFMA published comments that it submitted to the SEC on an NYSE proposed rule change to amend Rule 451, Transmission of Proxy Material.

SIFMA stated that it supports the proposal to establish a 99 cent "success fee" to encourage the development of Enhanced Broker Internet Platforms, (EBIPs). Much of the letter focused on the timing of implementation.

Click here to view letter in full (links externally to SIFMA website).