Arguably, some of the transactions "blessed" in the Service's agreement with the
Securities Industry Association (SIA) would be caught by the Tax Court's analysis in Compaq, but the IRS is not expected to abrogate that agreement.
The vast majority have already passed tests carried out by the
Securities Industry Association earlier this year and only about 50 firms are expected to miss the August deadline.
Today, efforts include an alliance between ARMA International and the
Securities Industry Association to effect proposed regulations.
The tests, sponsored by the
Securities Industry Association (SIA), were designed to help brokers and other key players find out whether their systems are ready to handle trades that will settle on Jan 3, 2000, the first business day of the new century.
The
Securities Industry Association reported a 20% increase in the number of Series 66 Registered Investment Advisers in 2004.
In 1972, IBAA merged with 'the Association of Stock Exchange Firms to form the
Securities Industry Association. In 1976, the Public Securities Association incorporated as a separate body to more closely align itself with the interests of fixed-income securities dealers.
THE BOND MARKET ASSOCIATION (BMA), Washington, D.C., and the
Securities Industry Association, Washington, D.C., have filed an amicus brief to support New York City Mayor Michael Bloomberg's motion for a preliminary injunction against the city's predatory lending ordinance.