MFA sent a letter to Acting Securities and Exchange Commissioner Mark Uyeda with four day-one recommendations.
MFA recommended the following:
- Immediately withdraw the Commission’s appeal of the Dealer Rule
- The Commission (or staff) provide market participants with an additional 6 months to begin complying with Rule 13f-2 and Form SHO, with the first Form SHO report being due on August 14, 2025, for short sale position and activity in the month of July 2025.
- The Commission (or staff) provide registrants with an extension of the compliance date for new amended Form PF requirements until September 12, 2025.
- Immediately halt the Commission practice of regulation through enforcement, review current cases for Commission overreach, and dismiss or withdraw cases, as appropriate.
