Securities Industry and Financial Markets Association Inc
Public records raise at least one point you should look into before giving.
What it says it does
SEE SCHEDULE OSIFMA IS THE VOICE OF THE NATION'S SECURITIES INDUSTRY, BRINGING TOGETHER THE SHARED INTERESTS OF HUNDREDS OF BROKER-DEALERS, INVESTMENT BANKS, AND ASSET MANAGERS. ON BEHALF OF OUR INDUSTRY'S ONE MILLION EMPLOYEES, WE ADVOCATE ON POLICY, LEGISLATION, REGULATION AND BUSINESS PRACTICES, AFFECTING RETAIL AND INSTITUTIONAL INVESTORS, EQUITY AND FIXED INCOME MARKET PARTICIPANTS AND RELATED PRODUCTS AND SERVICES. WE SERVE AS AN INDUSTRY COORDINATING BODY TO PROMOTE FAIR AND ORDERLY MARKETS, INFORMED REGULATORY COMPLIANCE, AND EFFICIENT MARKET OPERATIONS AND RESILIENCY. WE ALSO PROVIDE A FORUM FOR INDUSTRY POLICY AND PROFESSIONAL DEVELOPMENT.
- Income
- $56.7 million
- Spending
- $62.5 million
- Employees
- 148
- Volunteers
- 18,797
- Highest pay
- $3.0 million, president & ceo
Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS CONTINUED DEVELOPMENT AND MAINTENANCE OF BEST PRACTICES THAT ARE CONDUCIVE TO EFFICIENT CONDUCT OF THE BUSINESS AND MEMBERS OF THE ORGANIZATION: BUSINESS CONTINUITY AND CRISIS MANAGEMENT SIFMA LEADS INDUSTRY-WIDE EFFORTS TO ENSURE FIRMS CAN OPERATE THROUGH SIGNIFICANT EMERGENCIES USING BACKUP SYSTEMS, RECOVERY FACILITIES, AND REDUNDANT COMMUNICATIONS NETWORKS. INDUSTRY-WIDE BUSINESS CONTINUITY TEST WWW.SIFMA.ORG/BCP-TEST EACH YEAR, SIFMA COORDINATES A LARGE-SCALE INDUSTRY-WIDE BUSINESS CONTINUITY TEST TO EVALUATE FIRMS' ABILITY TO OPERATE UNDER STRESS. SUPPORTED BY ALL MAJOR EXCHANGES, UTILITIES, AND MARKET PARTICIPANTS, THE TEST INCLUDES TRANSACTIONS ACROSS EQUITIES, OPTIONS, FUTURES, FIXED INCOME, SETTLEMENT, PAYMENTS, TREASURY AUCTIONS, AND MARKET DATA. THE EXERCISE RUNS IN COORDINATION WITH THE FUTURES INDUSTRY ASSOCIATION (FIA) AND, IN ALTERNATE YEARS, WITH THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC). INDUSTRY-WIDE BUSINESS CONTINUITY TEST WWW.SIFMA.ORG/BCP-TEST EACH YEAR, SIFMA COORDINATES A LARGE-SCALE INDUSTRY-WIDE BUSINESS CONTINUITY TEST TO EVALUATE FIRMS' ABILITY TO OPERATE UNDER STRESS. SUPPORTED BY ALL MAJOR EXCHANGES, UTILITIES, AND MARKET PARTICIPANTS, THE TEST INCLUDES TRANSACTIONS ACROSS EQUITIES, OPTIONS, FUTURES, FIXED INCOME, SETTLEMENT, PAYMENTS, TREASURY AUCTIONS, AND MARKET DATA. THE EXERCISE RUNS IN COORDINATION WITH THE FUTURES INDUSTRY ASSOCIATION (FIA) AND, IN ALTERNATE YEARS, WITH THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC). EMERGENCY CRISIS MANAGEMENT COMMAND CENTER WWW.SIFMA.ORG/EMERGENCY DURING AN INDUSTRY-WIDE INCIDENT, SIFMA CONVENES MARKET PARTICIPANTS, COORDINATES WITH THE U.S. DEPARTMENT OF THE TREASURY, DEPARTMENT OF HOMELAND SECURITY, NEW YORK CITY OFFICE OF EMERGENCY MANAGEMENT, AND OTHER AGENCIES, AND ISSUES MARKET CLOSE RECOMMENDATIONS. MARKET RESPONSE COMMITTEES FOR THE FIXED INCOME AND EQUITY MARKETS ENSURE DECISIONS ARE OBJECTIVE, TRANSPARENT, AND CONSISTENT WITH REGULATORS' EXPECTATIONS FOR RESILIENCY AND CONTINUITY. CYBERSECURITY WWW.SIFMA.ORG/CYBERSECURITY CYBERSECURITY REMAINS ONE OF THE HIGHEST PRIORITIES FOR THE FINANCIAL SERVICES INDUSTRY. PROTECTING CLIENT INFORMATION AND ENSURING THE SECURE, RELIABLE EXECUTION OF TRANSACTIONS ARE CENTRAL TO MAINTAINING MARKET INTEGRITY AND PUBLIC TRUST. SIFMA WORKS WITH MEMBERS TO ADVANCE A RISK-BASED, HARMONIZED APPROACH TO CYBERSECURITY POLICY THAT PROMOTES EFFICIENCY, COORDINATION, AND INFORMATION SHARING. KEY PRIORITIES INCLUDE: -REGULATORY HARMONIZATION TO ALIGN CYBERSECURITY EXPECTATIONS AND REDUCE DUPLICATIVE REQUIREMENTS. -PUBLIC-PRIVATE PARTNERSHIPS TO ENHANCE THREAT INTELLIGENCE AND DATA SHARING. -INCIDENT RESPONSE EXERCISES TO STRENGTHEN PREPAREDNESS, DETECTION, AND RECOVERY PROTOCOLS. -BEST PRACTICES DEVELOPMENT FOR INSIDER THREAT MANAGEMENT, THIRD-PARTY RISK OVERSIGHT, AND SECURE DATA STORAGE AND RECOVERY.
- STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS ADVOCACY ADVOCACY FOR ISSUES OF IMPORTANCE TO ITS MEMBERS: SIFMA BRINGS TOGETHER THE SHARED INTERESTS OF HUNDREDS OF BROKER-DEALERS, BANKS AND ASSET MANAGERS. WE ADVOCATE IN SUPPORT OF EFFECTIVE AND RESILIENT CAPITAL MARKETS. SIFMA, ON BEHALF OF THE FINANCIAL SERVICES INDUSTRY, ENGAGES WITH POLICYMAKERS AND REGULATORS ON A STATE, FEDERAL AND GLOBAL LEVEL THROUGH COMMENT LETTERS, TESTIMONY, STUDIES AND MORE. SIFMA'S GOAL IS TO ENSURE REGULATION IS EFFECTIVE, BALANCED AND CONSISTENT WITH ITS INTENDED PURPOSE, APPROPRIATELY COORDINATED WITH OTHER REGULATORS AND REGULATORY REGIMES, AND AVOIDS CONSTRAINING CAPITAL FORMATION AND CREDIT AVAILABILITY, OR OTHERWISE IMPEDING THE FUNCTIONING OF THE MARKETS AND THE INDIVIDUALS THEY SERVE. TREASURY CLEARING THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) ADOPTED RULES REQUIRING MOST ADDITIONAL CLASSES OF TREASURY TRANSACTIONS, INCLUDING REPO AND CAST, TO BE CENTRALLY CLEARED. THIS REPRESENTS ONE OF THE MOST SIGNIFICANT STRUCTURAL CHANGES TO THE TREASURY MARKET IN DECADES - WITH MAJOR IMPLICATIONS FOR MARKET PARTICIPANTS, INFRASTRUCTURE PROVIDERS, AND REGULATORS ALIKE. SUPPORTING IMPLEMENTATION AND INDUSTRY READINESS ON BEHALF OF OUR MEMBERS, SIFMA IS LEADING COORDINATED WORKSTREAMS TO PREPARE THE INDUSTRY FOR IMPLEMENTATION. THESE EFFORTS INCLUDE DEVELOPING OPERATIONAL TIMELINES, ENHANCING MARKET STRUCTURE, AND ENSURING READINESS ACROSS BOTH THE BUY- AND SELL-SIDE. DEVELOPING MARKET STANDARD DOCUMENTATION TO PROMOTE CONSISTENCY AND EFFICIENCY AS NEW PARTICIPANTS ENTER THE CLEARING ECOSYSTEM, SIFMA HAS CONVENED CROSS-INDUSTRY WORKING GROUPS TO ESTABLISH MARKET STANDARD DOCUMENTATION FOR KEY ACCESS MODELS: - "DONE-WITH" MODEL: AVAILABLE HERE. - "DONE-AWAY" MODEL: IN DEVELOPMENT. SIFMA HAS ALSO PARTNERED WITH ARTERIA AI TO LAUNCH A DATA-DRIVEN DOCUMENTATION PLATFORM THAT STREAMLINES ONBOARDING, ENSURES COMPLIANCE, AND ACCELERATES OPERATIONAL INTEGRATION. ADVANCING REGULATORY REFORMS AND CLARIFICATIONS THIS RULEMAKING IS EXTRAORDINARILY COMPLEX, AND SEVERAL OPEN QUESTIONS REMAIN. SIFMA CONTINUES TO ENGAGE WITH REGULATORS TO: - CLARIFY INTER-AFFILIATE EXEMPTIONS THAT ARE CURRENTLY IMPRACTICAL TO IMPLEMENT. - ADDRESS IMPLICATIONS FOR REGISTERED FUNDS AND OFFSHORE ENTITIES THAT MAY BE WITHIN THE SCOPE OF THE RULE. SIFMA HAS COMPLETED A REVIEW OF THE FICC'S AGENT CLEARING SERVICE AND ENGAGED WITH THE SEC'S OFFICE OF THE CHIEF ACCOUNTANT TO RESOLVE ACCOUNTING ISSUES, WITH THE WORKING GROUP'S CONCLUSIONS AND CORRESPONDENCE MADE PUBLICLY AVAILABLE. THE BOTTOM LINE CENTRAL CLEARING OF U.S. TREASURIES REPRESENTS A HISTORIC TRANSFORMATION IN THE WORLD'S MOST IMPORTANT SECURITIES MARKET. SIFMA IS COMMITTED TO SUPPORTING A SMOOTH, COORDINATED TRANSITION - ONE THAT ENHANCES MARKET RESILIENCY, PROMOTES EFFICIENCY, AND PRESERVES THE LIQUIDITY AND DEPTH THAT DEFINE THE U.S. TREASURY MARKET. DIGITAL ASSETS DIGITAL ASSETS ARE RESHAPING GLOBAL FINANCE, DRIVING INNOVATION ACROSS MARKET INFRASTRUCTURE, CLEARING, AND SETTLEMENT. AS TECHNOLOGY EVOLVES, SO TOO MUST THE FRAMEWORKS THAT SUPPORT INVESTOR PROTECTION, FINANCIAL STABILITY, AND FAIR COMPETITION. SIFMA AND ITS MEMBERS ARE ENGAGING WITH POLICYMAKERS AND REGULATORS TO ENSURE THAT DIGITAL ASSET MARKETS DEVELOP IN A SAFE, TRANSPARENT, AND WELL-REGULATED MANNER - ONE THAT PROMOTES EFFICIENCY AND INNOVATION WHILE MAINTAINING THE SAME TRUSTED SAFEGUARDS THAT DEFINE U.S. CAPITAL MARKETS. KEY FOCUS AREAS SUPPORTING INNOVATION WHILE PRESERVING REGULATORY PROTECTIONS DISTRIBUTED LEDGER TECHNOLOGY (DLT) AND TOKENIZATION POTENTIALLY OFFER NEW, COST-EFFICIENT WAYS TO ISSUE, TRADE, AND SETTLE SECURITIES. TOKENIZED SECURITIES - DIGITAL REPRESENTATIONS OF TRADITIONAL SECURITIES, THOUGH THEY COME IN DIFFERENT FORMS - HAVE THE POTENTIAL TO STREAMLINE MARKET OPERATIONS AND REDUCE FRICTION. SIFMA'S MEMBER WORKING GROUPS ARE IDENTIFYING KEY POLICY QUESTIONS AROUND THE APPLICATION OF DECENTRALIZED TRADING MODELS TO TOKENIZED SECURITIES MARKETS TO HELP FIRMS ADOPT THESE INNOVATIONS RESPONSIBLY WHILE PROTECTING INVESTORS, MAINTAINING MARKET INTEGRITY, AND PRESERVING CONFIDENCE. DEVELOPING CLEAR REGULATORY FRAMEWORKS A CONSISTENT REGULATORY FRAMEWORK IS ESSENTIAL FOR DIGITAL ASSET MARKET GROWTH. SIFMA ADVOCATES COORDINATION AMONG PRUDENTIAL AND MARKET REGULATORS TO REDUCE FRAGMENTATION, PROMOTE COMPETITIVE EQUITY, AND PREVENT REGULATORY ARBITRAGE, AND ENSURE THAT THE SAME HIGH STANDARDS OF REGULATION HAVE SHAPED THE U.S. CAPITAL MARKETS ARE CONSISTENTLY APPLIED TO EMERGING DIGITAL ASSET PRODUCTS AND PLATFORMS. WE ARE WORKING CLOSELY WITH US REGULATORS AND SUPERVISORS TO BUILD ON THE STRENGTHS OF ESTABLISHED REGULATORY FRAMEWORKS AS THE INTEGRATE DIGITAL ASSET, AND HAVE CALLED ON THE BASEL COMMITTEE ON BANKING SUPERVISION TO REFINE ITS APPROACH TO THE PRUDENTIAL TREATMENT OF CRYPTO ASSET EXPOSURES - ENABLING REGULATED FINANCIAL INSTITUTIONS TO PARTICIPATE IN THESE MARKETS SAFELY AND EFFECTIVELY. WE ALSO SUPPORT THE WORK OF CONGRESS TO DEVELOP MARKET STRUCTURE LEGISLATION TO PROVIDE THE FOUNDATIONAL "RULES OF THE ROAD" FOR DIGITAL ASSETS IN PARALLEL WITH WORK BEING DONE AT THE AGENCY LEVEL. EXTENDING INVESTOR PROTECTIONS TO NEW MARKETS SIFMA BELIEVES THAT EXISTING, WELL-ESTABLISHED SECURITIES LAWS PROVIDE A STRONG FOUNDATION FOR REGULATING DIGITAL ASSETS. IN OUR RESPONSES TO THE SEC CRYPTO TASK FORCE, WE EMPHASIZED FOUR GUIDING PRINCIPLES: - APPLY ROBUST INVESTOR PROTECTION AND MARKET INTEGRITY STANDARDS TO DIGITAL ASSETS; - USE EXISTING, WELL-UNDERSTOOD SECURITIES REGULATORY PRINCIPLES; - MAINTAIN A TECHNOLOGY-NEUTRAL APPROACH; AND - ENSURE RISK-EQUIVALENT REGULATION FOR DIGITAL AND TRADITIONAL ASSETS ALIKE. FOSTERING INDUSTRY REGULATOR DIALOGUE AS ADOPTION ACCELERATES, ONGOING ENGAGEMENT BETWEEN INDUSTRY PARTICIPANTS AND REGULATORS IS ESSENTIAL. SIFMA CONTINUES TO CONVENE MEMBERS AND POLICYMAKERS TO DISCUSS OPERATIONAL READINESS, RISK MANAGEMENT, AND THE POLICY FRAMEWORKS NEEDED TO ENABLE RESPONSIB
- STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS CONFERENCES AND EVENTS WWW.SIFMA.ORG/EVENTS AS THE VOICE OF THE U.S. SECURITIES INDUSTRY, SIFMA HOSTS A DYNAMIC CALENDAR OF CONFERENCES AND EVENTS DESIGNED TO INFORM, ENGAGE, AND CONNECT PROFESSIONALS ACROSS EVERY CORNER OF THE CAPITAL MARKETS. SIFMA ANNUAL MEETING AS THE VOICE OF THE U.S. SECURITIES INDUSTRY, SIFMA REPRESENTS INVESTMENT BANKS, WEALTH MANAGERS, BROKER-DEALERS, AND ASSET MANAGERS IN ADVOCATING FOR RESILIENT, EFFECTIVE CAPITAL MARKETS THAT SERVE CORPORATIONS, GOVERNMENTS, INDIVIDUALS, AND MORE. TOGETHER, WE ARE INVESTED IN AMERICA. SIFMA'S ANNUAL MEETING IS AN INVITATION-ONLY GATHERING THAT CONVENES THE MOST INFLUENTIAL VOICES IN PUBLIC POLICY AND FINANCE TO EXAMINE THE ISSUES AND OPPORTUNITIES SHAPING THE MARKETS, THE INDUSTRY, AND THE ECONOMY. COMPLIANCE & LEGAL ANNUAL SEMINAR FOR MORE THAN 50 YEARS, SIFMA'S C&L ANNUAL SEMINAR HAS BROUGHT TOGETHER COMPLIANCE AND LEGAL PROFESSIONALS TO LEARN, COLLABORATE, AND STRENGTHEN THE INTEGRITY OF OUR INDUSTRY. OPERATIONS CONFERENCE & EXHIBITION SIFMA OPS CONVENES THE SENIOR LEADERS WHO BUILD, RUN, AND OVERSEE CAPITAL MARKETS OPERATIONS. REPRESENTING 300+ ORGANIZATIONS ACROSS THE BUY SIDE, SELL SIDE, AND MARKET INFRASTRUCTURE, ATTENDEES INCLUDE: - COOS, CTOS, CROS, AND PRESIDENTS - MANAGING DIRECTORS AND EXECUTIVE DIRECTORS - HEADS OF OPERATIONS, POST-TRADE, CLEARING, AND CUSTODY - HEADS OF TECHNOLOGY, PRODUCT, AND OPERATIONS TRANSFORMATION - RISK, COMPLIANCE, AND CONTROL LEADERS - STRATEGY AND CLIENT LEADERSHIP - REGULATORS AND MARKET OVERSIGHT OFFICIALS SECURITIES INDUSTRY INSTITUTE THE SECURITIES INDUSTRY INSTITUTE (SII) IS THE PREMIER EXECUTIVE DEVELOPMENT PROGRAM FOR SECURITIES INDUSTRY PROFESSIONALS, HOSTED BY SIFMA AND WHARTON. FOR 75 YEARS, SIFMA AND THE WHARTON SCHOOL HAVE PARTNERED TO DEVELOP THE INDUSTRY'S HIGH-POTENTIAL RISING LEADERS. OVER THREE CONSECUTIVE YEARS SII PARTICIPANTS LEARN FROM AUTHORITIES ON TOPICS WHICH DEVELOP LEADERSHIP AND MANAGERIAL SKILLS AND ENHANCE INVESTMENT AND INDUSTRY KNOWLEDGE. SII'S COST-EFFECTIVE TALENT DEVELOPMENT APPROACH DELIVERS ACTIONABLE KNOWLEDGE THAT IS IMPLEMENTABLE TODAY: THE MISSION OF THE INSTITUTE IS TO EQUIP EACH PARTICIPANT WITH PRACTICAL INFORMATION, IDEAS, AND ANSWERS DIRECTLY APPLICABLE TO THEIR PRESENT AND FUTURE RESPONSIBILITIES. ITS CUSTOMIZED CURRICULUM IS REDESIGNED EACH YEAR TO REFLECT THE NEEDS OF AN EVER-CHANGING INDUSTRY LANDSCAPE.
- STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: OTHER PROGRAM SERVICES CONTINUED SERVING AS A SOURCE OF MARKET INFORMATION, INCLUDING STATISTICS ON MANY FACETS OF THE MARKET PLACE AND PUBLISHING RESEARCH REPORTS, TRADE NEWSLETTERS AND OTHER PERIODICALS AND BOOKS.
Source: Form 990 for the year ending October 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending October 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.