OP-ED: CLOSING THE CIRCLE TO BENEFIT INVESTORS
SRO reform can lead to a better outcome for dealers and their clients
In his latest op-ed, IIAC President and CEO Ian Russell describes the two consolidated models proposed by IIROC and the MFDA. The essay argues that SRO consolidation can begin right now, leaving the debate on final structure of the SRO model on hold, to realize significant cost savings and efficiencies for investors and the industry. In effect, the SRO consolidation process can be viewed as a multi-stage process, at least with the proposed IIROC model. The initial priorities should be on adjustments to improve governance and investor access, and a decision on the role of market surveillance.
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