"The issue has been finding an appropriate business model, " says Frank Fernandez, the research director at the Securities Industry Association.
Employment in the securities industry nationwide fell 10.7% from its peak in March 2001 to October 2003, according to figures from the Securities Industry Association.
In 1981, according to the Securities Industry Association, a trade body in America, large investment banks earned an average 50% return on their equity.
The Securities Industry Association, the lobbying group for the brokerage industry, is considering whether to argue that the Utah law be struck down or is subject to preemption by federal securities laws.
For years, Mr Pitt was the lead counsel for Wall Street's trade group, the Securities Industry Association, in its largely successful attempts to delay the onset of competition from commercial banks on equal terms.
Among those scheduled to testify: the heads of the financial services industry groups, including the Financial Services Roundtable, the American Bankers Association and the Securities Industry and Financial Markets Association.
Among those who have weighed in on the draft: the Investment Company Institute (which represents mutual funds), the American Bankers Association, the Securities Industry and Financial Markets Association and the Vanguard Group.
They include the U.S. Conference of Mayors, the National Governors' Association, the Securities Industry and Financial Markets Association and--perhaps most significantly--every other state in the Union.
Meanwhile, SIFMA, the securities industry trade association, has pretty consistently been an unwavering mouthpiece for minimal regulation, and locating any regulation in New York when it is unavoidable, as with the DTCC and the LEI.
FORBES: Dog Bites Man -- Finance Needs Greater Leadership Says ISITC
"If a mortgage loan can be modified during bankruptcy, it will be far more difficult to originate or sell mortgages in the secondary market, " says a Dec. 4 letter from the Securities Industry and Financial Markets Association to the Senate's Judiciary Committee.
Gary Gensler, the head of the Commodity Futures Trading Commission, told the audience at the Securities Industry and Financial Markets Association meeting that the work was far from over.
FORBES: Senate Vote Nears; Wall Street Weighs Meaning of New Rules
Wall Street's main lobbying group, the Securities Industry and Financial Markets Association, backed that view.
The second resource is investinginbonds.com, a site run by SIMFA, the Securities Industry and Financial Markets Association.
Bond trading was halted by noon Eastern time on a recommendation from the Securities Industry and Financial Markets Association.
The actual monthly composition of the U.S. bond market is tallied and tracked by the Securities Industry and Financial Markets Association ( SIFMA).
FORBES: Total Bond Index Funds are Not the Total Bond Market
Before that, the Securities Industry and Financial Markets Association, a trade group, made a request to California Gov. Jerry Brown to veto the bill.
The Capitol Hill Challenge stock-market competition for schools is run by the SIFMA Foundation, an educational nonprofit arm of the Securities Industry and Financial Markets Association.
"Implementation will impose significant challenges and costs for many United States financial-services firms and their customers, " the Securities Industry and Financial Markets Association, a Wall Street trade group, said in a statement.
One almost laughable example of lame self-regulation: the BrokerCheck Program, run by the National Association of Securities Dealers, the brokerage industry's self-regulator.
So does the trade group Securities Industry and Financial Markets Association (SIFMA), whose database can be found at InvestingInBonds.com.
FORBES: Government To Investors: Be On Guard When Buying Muni Bonds
Heath Abshure, the current president of the North American Securities Administrators Association (NASAA), a state regulators group, recently told one of the leading securities industry trade groups that small investors need the freedom to sue their brokers.
Robert Glauber, chairman of America's National Association of Securities Dealers, reminded the finance industry during a visit to London last month that bouts of punitive re-regulation by angry authorities can be long-lived.
"As you add scale, your incremental cost goes to zero, " says Robert Greifeld, 51, a former computer salesman who took over at Nasdaq in 2003 as it was being spun out of the old National Association of Securities Dealers, now the Financial Industry Regulatory Authority.
The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on transaction processing, reports that a pool of members surveyed show that almost all think that finance industry could benefit from greater leadership.
FORBES: Dog Bites Man -- Finance Needs Greater Leadership Says ISITC
Letter to the National Association of Securities Dealers (NASD) Regarding Illegal Activity In the Pension Fund and Money Management Industry.
应用推荐