Creating synthetic shares is the same as counterfeiting. Put some teeth in your fines. Right now, the fines are so small, it's just a cost of doing business to these big companies. Do better at investigating naked shorting and up the fines. All shorting, no matter what exchange, should be reported and made public. Get rid of dark pools. And for pete's sake, it's 2021. Why isn'
May 6 Revised submission: First let me say that I am a Roosevelt supporter (Teddy and FDR), not anti-government. I have traded ProFunds, which offer shorts and leverage, for about ten years. ProFunds is my favorite fund family. I do not care about leverage, but I do care about being able to short (inverse funds). I do not have an advisor or broker, and I never have or will. Common knowledge is
We should be able to choose the public investments that are right for us and our family. And public should be treated equal, public investment should be available to all of the public not just the privileged.
We should not go through any special process like passing a test before we can invest in public securities, like leveraged and inverse funds. I am using leveraged fund to gain exposure to
I have the right to invest in different stock options. Way does it make it right for the wealth to be able to buy different stocks. When middle class person has just as much right as anyone else.
The FINRA Board of Governors will hold its first meeting of the year next week. As the capital markets landscape continues to evolve through new products, new technologies and new services being offered to investors, the Board will discuss how FINRA should evolve as well to support innovative and vibrant markets and capital formation while protecting investors and safeguarding market integrity.
The NASD published the following Notices to Members during 1994. Duplicate copies are available at $25 per monthly or special issue. A bound-volume, indexed reprint of the entire year's Notices is also available at $150. Request, accompanied by a self-addressed mailing label and a check payable to the National Association of Securities Dealers, Inc., or credit card information, should be
(a) No member shall open a margin account, as specified in Regulation T of the Board of Governors of the Federal Reserve System, for or on behalf of a non-institutional customer, unless, prior to or at the time of opening the account, the member has furnished to the customer, individually, in paper or electronic form, and in a separate document (or contained by itself on a separate page as part
Each participant will be charged a monthly fee for use of the FINRA/NYSE Trade Reporting Facility. The monthly fee will be calculated as follows:
(a) If the participant submits one or more trade reports to the FINRA/NYSE Trade Reporting Facility during a given calendar month, the participant will pay a monthly fee equal to the sum of (i) $1,000 plus (ii) $0.0055 per published tape report.
(b)
Industry Governor (Large Firm Representative)Managing Partner, Edward JonesGovernor Since 2022Committees: Audit & Risk Committee, Finance, Operations & Technology CommitteeProfessional ExperienceEdward JonesManaging Partner (2019 – present)Principal, Client Strategies Group (2015 – 2019)Principal, Branch and Region Development (2011– 2015)Principal, Branch Office Administrator
Short interest should have 100% reporting daily. T+2 gives an unfair advantage to hedge funds. There also needs to be transparency with synthetic shorts. They do exist and its also an unfair practice. Fines should exceed the amount of fraud or manipulation. Small slaps on the wrist do absolutely nothing. A 10 million dollar fine on manipulation that made a financial institution 80 million dollars
