Omar Bailouni Comment On Regulatory Notice 22-14
I'm with passing this rule to improve the transparency of the stock market.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
I'm with passing this rule to improve the transparency of the stock market.
I believe creating a market with more transparency can only benefit the overall market and each investor. If no one is hiding anything, then the rule shouldn't be a problem.
I support this as a retail investor. More data and oversight is always needed when looking at the markets. Honest operations done without nefarious intent are done in the open with transparency. Secrecy is a vessel for corruption and manipulation. Additional i would like to see fines and penalties increased to more reflect the severity of the act. Not just the cost of doing business it needs to make a significant enough impact to deter them from doing it in the first place.
This reporting requirement would bring the market closer to full transparency which in turn would give more confidence to the average retail investors that the SEC, FINRA, and the DTCC are concerned about the public interests. I agree this rule should be passed.
Rule Filing Status: Filed for Immediate Effectiveness
Rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from July 31, 2022 to October 31, 2022.