SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, in response to SEC Chair Mary Jo White’s speech, “Enhancing Our Equity Market Structure,” given today at the Sandler O’Neill & Partners Global Exchange and Brokerage Conference:
“SIFMA has long called for a comprehensive review of equity market structure, and we welcome Chair White’s thoughtful remarks and look forward to reviewing the details of the SEC’s proposals. Investor confidence in the fairness of the equity markets is essential to an efficient financial system that drives economic growth in our country. This is an extremely complex and important issue, and we agree with Chair White that any reform of the markets should be the result of a thoughtful, data-driven approach that relies on empirical data.”