In a letter filed today with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) raised concerns with the proposed short sale marking rulemaking. FIA PTG said that while they support innovation and transparency, this Proposal marks a significant and relatively undefined departure from long standing Regulation SHO. They said they are concerned that this Proposal will inevitably introduce confusion and significantly increase operational costs, without any corresponding meaningful benefits. Accordingly, without additional clarity, they respectfully urged the Commission to rescind this Proposal.
Access the response here.
