More than 65 social-media privacy bills have been introduced so far this year, according to Sifma.
Go, Machleder and Poulson all recently presented at a SIFMA conference in New York City.
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He currently is on the Board of the Financial Management Society of SIFMA. Mr. Bisgay received a B.
So does the trade group Securities Industry and Financial Markets Association (SIFMA), whose database can be found at InvestingInBonds.com.
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SIFMA, a financial industry trade association, says it has 5, 490 people dealing with various subcommittees, almost all devoted to Dodd-Frankery.
The actual monthly composition of the U.S. bond market is tallied and tracked by the Securities Industry and Financial Markets Association ( SIFMA).
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While SIFMA and American banks prefer a centralized approach with industry utilities like SWIFT and DTCC, others see advantages to a federated model.
Sifma says some employee-privacy provisions are at odds with existing rules that brokerage firms police investment advice tweeted and posted by their employees.
More than 200 people dialed into a call at about 9 p.m. with Sifma members and exchange officials, according to estimates by people who participated.
Even the securities industry trade organization, known as SIFMA, signed off on this matter years ago, yet the SEC still has not made the change.
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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.
The U.S. initiative, pushed by SIFMA and affiliated organizations, has been backing a combination of SWIFT and the DTCC to register and maintain the LEIs globally.
At the SIFMA securities industry conference in New York this week, Joe Lanza, the president of Dow Jones Financial Markets, had a startling bit of news.
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First announced by SIFMA more than two years ago, the American LEI proposal has never enjoyed the broad support outside the U.S. that SIFMA claimed for it.
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SIFMA, the main trade organization for Wall Street, said that it backs a fiduciary standard and urges the Securities and Exchange Commission to propose one soon.
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At SIFMA, a U.S. Treasury representative talked of flying to Europe for talks, but so far no regulator in Europe or Asia has publicly endorsed the American effort.
At the SIFMA securities conference June 15, two panels on social media and financial services revealed a world of confusion, contradiction, wishful thinking, denial and regulators lagging behind developments.
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Sifma said such a change in the California law is "helpful, " but fails to address the legitimate need for general monitoring and recording of any business-related tweets and postings.
The Office of Financial Regulation (OFR) in the U.S. has turned the process of developing requirements and short-listing a vendor over to SIFMA before the regulatory requirements have been agreed.
Then it grabs SIFMA by the collar and tells it to go global, just the point SIFMA has claimed in its announcements but which it has clearly failed to accomplish.
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Although this is meant to be a global initiative, so far SIFMA, the U.S. securities industry trade organization, has not signed up any international partners among regulators or trade associations.
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By Friday SIFMA should have a recommendation for the Office of Financial Research (OFR) on who should be in charge of Legal Entity Identifiers (LEI), the first step toward improving global regulation.
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This reminds me a bit of the discussions over Legal Entity Identifers (LEI) where U.S. firms with leadership from DTCC and SIFMA, have defined, implemented and advocated a solution ahead of other regions?
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The SIFMA-led study of how to implement Legal Entity Identifers has led to its recommending the ISO 17442 as the standard, with SWIFT and the DTCC to be the core issuing and facilities manager.
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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.
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At the SIFMA securities conference in New York recently, social media experts said companies can see if this is happening by typing their company name into LinkedIn or Facebook to see how many employees are on those sites.
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At SIFMA, the American securities industry conference in New York in June, Mary Shapiro, head of the SEC, and Christine Lagarde, front-runner for the chief of the International Monetary Fund, were regarded as only slightly better.
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We can leverage a global organization to take an opinion that may come out of the Dodd-Frank or SIFMA process, and discuss it and work it through key targeted membership organizations and their local regulatory bodies to build consensus and get feedback.
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In the aftermath of the SIFMA conference in New York last month, the CFTC will require LEIs, or LEI Lite (some interim identification standard), for swaps reporting by September while the G20 is asking for global participation in developing the global LEI standard and implementing it by March 2013, a somewhat slower schedule.
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