Dictionary of Finance and Investment Terms: Securities Industry Association (SIA)
Securities Industry Association (SIA)
trade group that represents broker-dealers. The SIA lobbies for legislation affecting the brokerage industry. It also educates its members and the public about industry trends and keeps statistics on revenues and profits of brokers. The SIA represents only the segment of broker-dealers that sells taxable securities. Tax-exempt bond, government bond, and mortgage-backed security dealers are represented by the Bond Market Association.
