SIFMA Submits Comments to the SEC on the Nasdaq UTP Plan Fee Increase

SIFMA submitted the attached comments to the SEC, the Chair of the Nasdaq UTP Plan Operating Committee, and the Nasdaq UTP Plan Administrator on the Nasdaq UTP Plan Amendment for Level 1 Professional Fee Increase. SIFMA asserts the Nasdaq UTP Plan's action is in violation of the SEC's "Governance Amendment" to the UTP Plan in 2005, which was a fundamental component of the SEC's adoption of Regulation NMS.

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