Twelve associations issue joint statement on misuse of public information

A group of twelve industry associations have issued a joint statement reaffirming their commitment, on behalf of the members and financial markets they represent, to promote fair and competitive markets in which inappropriate use of material non-public information is not tolerated.

They also pledged to undertake various initiatives to inform, educate and provide additional guidance to their members, non-members, and other interested parties alike.The associations stress that their members have long had appropriate policies and procedures in place for handling material non-public information and for fully complying with securities laws and regulations. But since even the perception of misuse has the potential to erode confidence in the integrity, as well as the liquidity