Broker-Dealer Issues Content

Fund investors deserve to pay fair prices for information about their investments, but a broken, outdated regulatory framework is preventing them from doing so. The SEC must step in to fix the framework, consistent with its legal mandate to protect investors.

Frequently Asked Questions About “Best Execution” What is “best execution”? While there is no specific definition of “best execution” under the securities laws, a broker-dealer has a duty to ensure that customers receive best execution on their orders by taking into account all the...

July 29, 2019 Mr. Eduardo A. Aleman Deputy Secretary Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re: File Number SR-FINRA-2019-017 Dear Mr. Aleman: The Investment Company Institute1 strongly supports FINRA’s proposed amendments to FINRA Rule 2210...

August 7, 2018 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: SEC Proposals on Standards of Conduct for Investment Professionals (File Nos. S7-07-18; S7- 08-18; and S7-09-18) Dear Mr. Fields: The Investment Company Institute1...

July 9, 2019 Mr. Brent J. Fields Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Re: Covered Investment Fund Research Reports (File No. S7-11-18) Dear Mr. Fields: The Investment Company Institute1 supports the SEC’s covered investment fund research...

January 11, 2018 Jennifer Piorko Mitchell Office of the Corporate Secretary FINRA 1735 K Street, NW Washington, DC 20006-1506 Re: Remote Branch Office Inspections; FINRA Notice 17-38 Dear Ms. Mitchell: The Investment Company Institute1 is writing in response to FINRA’s request for...

September 21, 2017 Ronald W. Smith, Corporate Secretary Municipal Securities Rulemaking Board 1300 I Street, NW, Suite 1000 Washington, DC 20005 Re: MSRB Notice 2017-17 Dear Mr. Smith: The Investment Company Institute1 is writing in response to the Municipal Securities Rulemaking...