2005–2006 Filing Due Dates
NASD would like to remind members of their obligation to file
the appropriate FOCUS reports, Annual Audits, and Customer
Complaints by their due dates. The following schedule outlines
due dates for 2005. Questions regarding the information to be
filed can be directed to the appropriate District Office. Business
questions as to how to file the FOCUS report, resetting
These regulations would be taking a valuable tool away from investors. They would impinge on our ability to hedge our accounts against loss. We would need to become short sellers, which is much more risky and unavailable in retirement accounts. Your proposed rules would increase market risk.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the pilot period related to FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks).
Outlaw all dark pools, synthetic shorts, and fail to delivers, or at the bare minimum require them all to be reported in realtime publicly. These are the bare minimum clear steps needed, or further info exposing the depth of corruption will be leaked, inevitably leading to global financial collapse.
Greater transparency regarding short positions is essential for the market to function as intended. Any regulation that increases this transparency has my wholehearted support. Market manipulation must be actively fought against as loopholes continue to be found by those who would sacrifice their integrity for profit.
On February 27, 2014, the SEC approved FINRA's proposed rule filing SR-FINRA-2013-050. The approved amendment to the OATS rules requires firms to express time in milliseconds when reporting order information to OATS if the firm's systems capture time in milliseconds, effective April 7, 2014.
Dark pools. Why are they here, what are they supposed to be used for. I feel they have been exploited and abused over and over for the benefit of the hedge funds and market makers. They have been used to hide short positions and kick the can down the road in regards to amc and gme.
Something needs to be done about leveling the playing field between institutions and retail investors. With the technology available to us today it shouldn't require much effort for institutions to report their short positions on a daily basis, while also providing more detail in the public reports.
Please make sure that the fines are enough to deter these predatory short sellers. If the fine is only minimal compared to the gain then people will continue to abuse the rule. Also a locate should always be required before a share is borrowed. It seems shares are being loaned out and not located.
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
On January 1, 1988, the options regulators will install a revised ROP qualification examination on the PLATO testing network. The revised examination will be expanded to include index, interest rate, and foreign currency option questions. A revised Series 4 study outline incorporating the new material will be available shortly.
