STA Foundation Awards & the Importance of Mentorship

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June 2020

From the Hill

Securities and Exchange Commission and Justice Department’s Antitrust Division Sign Memorandum of Understanding

The Securities and Exchange Commission and the Department of Justice’s Antitrust Division have signed an interagency Memorandum of Understanding (MOU) to foster cooperation and communication between the agencies with the aim of enhancing competition in the securities industry.

Dmitry Bulkin Joins the Division of Trading and Markets as a Senior Policy Advisor

The Securities and Exchange Commission today announced that Dmitry Bulkin has joined the Division of Trading and Markets as a Senior Policy Advisor. “We are very fortunate to have Dmitry’s expertise at the Commission,” said Brett Redfearn, Director of the Division of Trading and Markets. “His knowledge and experience in electronic trading and market microstructure will be extremely helpful as the Division proceeds with its ambitious policy agenda.”

SEC Names Jennifer S. Leete as Associate Director in Enforcement Division

The Securities and Exchange Commission today announced that Jennifer S. Leete has been named Associate Director in the SEC’s Division of Enforcement. In her new role, she will supervise approximately 50 attorneys, paralegals, and staff responsible for investigating a wide variety of securities law violations.

FINRA Foundation Announces Annual Research Award Recipients

The FINRA Investor Education Foundation (FINRA Foundation) recently announced the recipients of its higher-education awards created to recognize outstanding analyses by researchers-in-training who seek to advance understanding of consumer financial wellness and the complex relationships among financial literacy, financial capability and financial well-being.

STA Foundation Awards

Throughout the years, the STA Foundation has recognized individuals within the financial services industry with its distinguished awards. While each award celebrates something different — stewardship and service , advocacy , mentorship , philanthropy , ethics — they are all rooted in STA's founding principle: dictum meum pactum, “my word is my bond.”

This is your opportunity to put forth the most respected professionals in the industry. Nominees can be from any area, and at any level, within their organization.

Nomination deadline: July 17, 2020.

Nominate

Taking Stock

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Hope and Time

By Jim Toes, STA

Today, our nation is experiencing fear and anger. Fear, of a faceless threat in the form of a disease and justified anger in unresolved solutions to long existing racial issues. But, among these emotions of fear and anger, are strong indications of hope. Each day we come closer to a cure or vaccine for COVID-19 that will provide the path forward to a new normal. Each day also brings renewed awareness and a larger universe of people willing to act and engage on racial issues. These realities of science and social engagement foster bona fide hope.

STA Women in Finance

Mentors: An Essential Component of Your Career

By Julie Andress, KeyBanc Capital Markets

STA WIF Co-Chair

We are told early on in our careers to seek out mentors, and then as we advance in our careers to give back by mentoring others. Our mentors are not limited to females, and we are not limited to one mentor. It is a progression, and it doesn’t have to be formal.

STA in the News

brought to you by Forefront Communications

Fund Managers Find COVID-19 Makes Best Ex Best Effort

Market volatility will also likely impact the accuracy of transaction cost analysis (TCA) reports which measure explicit costs such as fees, and implicit costs such as market impact. “Fund managers use TCA to evaluate the quality of their own and their brokers’ execution performance based on their barometer for acceptable performance,” explains Jim Toes, President of the Security Traders Association, the New York-based trade group representing traders at fund management firms and broker-dealers. “Brokers will differ in performance and the fund managers can find any outliers who fall outside the range.”