Summary
FINRA requests comment on a proposal to facilitate centralized access to members’ order execution quality reports for NMS stocks that are required to be published by market centers under Rule 605 of Regulation NMS. Under the proposal, FINRA members would be required to provide their Rule 605 reports to FINRA, which FINRA would publish in a centralized location on the FINRA website.
FINRA reminds firms that the new FINRA/Nasdaq Trade Reporting Facility (the FINRA/Nasdaq TRF Chicago) will commence operation on Monday, September 10, 2018. The FINRA/Nasdaq TRF Chicago provides FINRA members with another mechanism for reporting over-the-counter trades in NMS stocks and complying with FINRA’s requirements with respect to back-up trade reporting arrangements, as set
Proposed Rule Change to Amend FINRA Rule 11892 (Clearly Erroneous Transactions in Exchange-Listed Securities)
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to (i) extend the expiration date of FINRA Rule 0180 (Application of Rules to Security-Based Swaps) to February 6, 2022 and (ii) extend to April 6, 2022 the implementation of FINRA Rule 4240 (Margin Requirements for Credit Default Swaps) and
SUGGESTED ROUTING*
Senior Management
Internal Audit
Legal & Compliance
Operations
Systems
Trading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The board Govenors of the National association of Securities
FINRA is publishing its quarterly OTC Equities High Price Dissemination List for the fourth quarter of 2021. This updated list of OTC equity securities eligible for trade report dissemination for trades of fewer than 100 shares is effective as of April 1, 2022. To view changes, visit the Daily List: Security Attribute Changes page, select the “Unit of Trades” filter and enter March 31, 2022 as
I think that naked short selling should be completely outlawed in every corner of Wall Street. However, considering that large financial groups have very large amounts of money and power in their favor, I don't think that is possible. What is possible is complete equality and transparency when it comes to disciplinary actions enforced. For example, the hedge fund Citadel Securities has been
Every large institution, hedge fund or bank should have to report their short position(s) immediately and made public. The time is takes for market makers to cover failure to delivers on the thresh hold list needs to be reduced from 13 days to 5 days. All failure to delivers should be reported 3 days after a trading day. The penalty for creating synthetic shares should be the same as creating
The Special Investigations Unit (SIU) within FINRA’s National Cause and Financial Crimes Detection (NCFC) program is bringing to your attention some additional Russia-related sanctions developments. Please note that these are in addition to those detailed in FINRA Regulatory Notice 22-06.
On February 26, 2022 the White House released a Joint Statement on Further
Comments:
Regarding inverse and leveraged ETFs: I feel they both are important tools for retail traders, especially novice traders inexperienced with traditional short-selling and options.
Many novice traders lose in the market because they only know how to play it one direction, I.E. buy low sell high. They either don't understand, are intimidated by, or don't want/have the
