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SR-FINRA-2020-038

Rule Filing Status:  Approved

Rule change to amend FINRA Rules 5122 (Private Placements of Securities Issued by Members) and 5123 (Private Placements of Securities) to require members to file retail communications concerning private placement offerings that are subject to those rules’ filing requirements.

Frank Comment On Regulatory Notice 21-19

Why still, is there any reason for trades to be not reportable? Secrecy within trading needs to stop. There needs to be more transparency from all parties involved. “...considering including in FINRA-disseminated short interest data, where available the TSO and public float for securities?” What do you mean “where available”? You are the Financial Regulatory Authority, you should make that statement more definite or you will continue to lose trust and credibility. Do your job.

Brian Comment On Regulatory Notice 21-19

information needs to be accurately and timely reported-- period. That information is lagging is a joke-- that people charge to provide this lagging information is shameful. There should be no platform one has over another. That there is-- is evidence money buys influence -- this is a country of laws.. unless it is in the financial world. The markets are a free for all for those that control, those that make the rules, congress is a joke-- the us government is complacent, -- this needs fixed NOW.