Register to attend upcoming webinars which will introduce features of FINRA Gateway, the new FINRA reporting and compliance user experience—designed to streamline compliance functions to help you do your job more efficiently. The new system, powered by FINRA's Digital Experience Transformation (DXT) initiative will roll out over the coming months. Each webinar will cover a
Fail to deliver data should be reported more frequently preferably daily. Also short seller data should be far more transparent, require daily reporting of short positions, no longer allow covering shorts with options contracts, and the short sale reduction rule should be overhauled to not allow short selling at all once triggered.
Summary
FINRA360 is an effort through which FINRA is conducting a comprehensive self-evaluation and organizational improvement initiative to ensure that FINRA is operating as the most effective self-regulatory organization (SRO) it can be, working to protect investors and promote market integrity in a manner that supports strong and vibrant capital markets. In March 2017, as part of the FINRA360
" Publication of Short Interest for Exchange-listed Equity Securities" Why are firms are currently allowed to hold any unreported open short positions? In the OTC market, one firm's large short position could potentially destroy a company. " Content of Short Interest Data" The more data points you collect and publish, the better. A free and fair market means transparency
Summary
The national options exchanges are closing at 1:00 p.m. Eastern Time (ET) on Friday, November 25, 2022 (the Friday after Thanksgiving), which will modify the exercise cut-off time for expiring options. FINRA reminds firms that, pursuant to FINRA Rule 2360(b)(23)(A)(viii), if a national options exchange or The Options Clearing Corporation announces a modified time for the close of trading
FINRA is soliciting comment on a concept proposal to establish liquidity risk management requirements. The concept proposal describes a potential rule, labeled Rule 4610, that is intended to ensure that members have sufficient liquid assets to meet their funding needs in both normal and stressed conditions. Broadly, the proposal outlines three areas where a potential rule might address liquidity risk, including liquidity stress testing, contingent funding plans and a requirement to maintain sufficient liquidity on a current basis at all times. FINRA is issuing this concept proposal so that any feedback received can be taken into account as FINRA considers a proposed rule; any proposed rule would need to be reviewed and approved by the FINRA Board of Governors, and then filed with and approved by the Securities and Exchange Commission. FINRA welcomes comment on all aspects of the concept proposal, including comment on alternatives to the proposed approach.
June 6, 2022FINRA President and CEO Robert Cook and Vice President of Member Relations and Education Kayte Toczylowski are joined by senior staff to discuss senior and at-risk investors.Speakers:Robert Cook, FINRA President and Chief Executive OfficerBrooke Hickman, Director, Member SupervisionChristine Kieffer, Senior Director, Investor EducationKayte Toczylowski, Vice President, Member
The Anti-Money Laundering section of the 2022 Report on FINRA’s Risk Monitoring and Examination Activities (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) relevant regulatory obligations and related considerations, (2) exam findings and effective practices, and (3) additional resources.
Marking shares as "short" & having to deliver ACTUAL shares instead of Failure to deliver. This is a giant problem with hundreds if not thousands of companies in the market. A minimum of once every week, short positions should be revealed & posted WITH ACCURACY! no hiding the true numbers. Shorting is good for the market but "naked" shorts & unlimited
There needs to be more transparency with short selling. Any large institutions or hedge funds should be required to report short interest weekly if not daily. There shouldn't be an incentive for investors to short others to hope for them to go bankrupt. Investors who get premiums for the short shares to be borrowed should be taxed a higher rate for that premium. I can go on and on but
