LSTA, Inc. Welcomes SEC Proposal Clarifying Treatment of Discretionary Trading Authority Under Custody Rule

WASHINGTON–(BUSINESS WIRE)–LSTA, Inc. today welcomes the Securities and Exchange Commission’s proposed amendments to the investment adviser custody rule, particularly the Commission’s proposal to provide an exception from the custody rule for authorized discretionary trading activity. We greatly appreciate the Commission’s efforts to propose common sense solutions to important, longstanding industry issues. The proposal represents an important step toward resolving uncertainty regarding the t

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