Securities Industry Association Statement On Reg NMS

Securities Industry Association Executive Vice President Don Kittell issued the following statement on the adoption of Reg NMS.

“The adoption today of Reg NMS was the culmination of the Securities and Exchange Commission’s efforts over the past several years to re-examine and modernize the national market system. The SEC has worked diligently to resolve complex issues that are critical to investors. SIA has continuously supported an open dialogue on these important issues to ensure the enhancement of investor protection and increased competition among the markets.

“We appreciate the SEC’s approach to the implementation of the rule by giving the industry enough time to adjust to the changes, and adopting a phased-in approach to the securities covered by the rules. SIA looks forward to working with the SEC, regulators, and the industry to study and address any implementation issues.”