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SIFMA presses SEC for clarity on tokenized stock trading rules

A black and white photo of the seal of the Securities and Exchange Commission mounted on a gray stone wall at its headquarters.
Photo: Chip Somodevilla/Getty Images

SIFMA seeks guidance on issuer consent, investor safeguards, trading limits, and ownership rights.

Before tokenized securities trading platforms begin operating, the Securities Industry and Financial Markets Association (SIFMA) is urging the SEC to address a series of operational and regulatory questions surrounding the latter’s new Innovation Exemption order.

Announced in September, the order provides temporary and conditional exemptive relief that allows Tokenized Securities

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