Nasdaq Proposes Regulatory Reform to Help Main Street Investors
A top priority in Nasdaq’s proposals is making certain that individuals investing their own money are not paying Professional fees.
Nasdaq is considering four proposals to clarify the distinction between professional and non-professional investors to alleviate industry burden:
- Ensuring all
Main Street investors are considered Non-Professionals - Allowing non-financial small businesses to operate as Non-Professionals
- Eliminating compliance liability for distributors for good-faith errors in reporting
- Ensuring that occupational traders are treated as Professionals
“Main Street investors seeking to build and protect wealth are vital to the economy and to our future. We’re engaging with the public to build support for positive regulatory change and increase access to our financial system for more investors around the globe,” said
Nasdaq is seeking comment, input and guidance from the public, including investors, companies and their representatives pertaining to our position on this topic. Any feedback received will help ensure that all viewpoints are taken into account. Nasdaq plans to assess the industry’s response to these ideas and file a set of proposals with the
Nasdaq will also continue to push for reform on this topics at the Securities Information Processor (SIP). The SIP provides a consolidated equity data feed for the benefit of the investing public and also differentiates between Professional and Non-Professional users. It is governed by a coalition of exchanges and market participants and overseen by the
For more information, please see our ideas here. For more on the TotalMarkets agenda, please visit here.
About Nasdaq:
Nasdaq Media Contact:
(212) 231-5945
matthew.sheahan@nasdaq.com
NDAQA
Source: Nasdaq, Inc.