STA Endorses SEC Nominees

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10 June 2008

Dear Chairman Dodd:

We are writing today on behalf of the 5,200 members of the Security Traders Association (STA) to express the Association’s strong support of President Bush’s nominations of: Luis Aguilar of McKenna, Long & Aldridge LLP; Troy Paredes of Washington University School of Law; and Elisse Walter of FINRA as SEC Commissioners. We hope their nominations secure quick approval.

For those of us engaged daily in the equity trading that fuels the U.S. economy, the years ahead will continue to pose challenges involving numerous issues that will directly impact investors. The equity securities industry continues to be challenged by regulatory, technological, competitive and overall economic forces that require considered thought from the SEC. This is critical in maintaining the ongoing health and vitality of our industry.

STA supports a balance of regulation and competition as the key to sustaining U.S. competitiveness in an increasingly global trading environment. U.S. investors need a Commission with a breadth and depth of experience, expertise, and insight, and with an ability to work with industry participants to assure that the U.S. markets retain their rightful place as the envy of the world.

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