To whom it may concern at FINRA, I am not a very eloquent person, so please note that I have taken bits and pieces of comments and copy/pasted them. Just because I have not articulated these thoughts myself, does not mean that I am any less passionate about the proposed rule changes. Since beginning my journey as a retail investor and learning more about our financial systems I have lost complete
#wheresgary Why is the SEC allowing hedge funds to lie, cheat, and steal from hard working, middle class Americans by manipulating the stock market with their naked short selling synthetic shares?
Effective March 1995
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Operations
Systems
Executive Summary
Some of the self-regulatory organizations (SROs) comprising the Intermarket Surveillance Group (ISG) agreed to adopt policies to ensure uniform reporting of all short interest in traded securities. The NASD has amended Article III, Section 41 of the NASD
This is a terrible idea. I have nearly given up investing in individual stocks due to unpredictable returns.
I now use ETFs almost exclusively. This can and often does include both leveraged and short side ETFs.
Naked shorting is illegal.- Conditions need to be met by regulatory agencies to ensure it doesn't happen including federal sentences for those caught selling naked shorts. If I can’t sell you a car I don’t own than it should be just as illegal to sell shares that don;t exist. Short positions need to be reported daily by funds and market makers, and public notice needs to be reported daily on
Comments:Leveraged and Inverse ETC. I am aware of the risk involved in these vehicle and suspect that most are also aware. Please do not limit my options Stocks get extremely difficult to short. Thank you! Glenn Williams
You should issue a serial number to every legally issued share of each company. Every dollar bill has one. Why can’t shares? Each sale of every share to any investor, retail or otherwise is cataloged and registered when traded. I buy 1 share and have serial number 12345 attached to it. If my share is short sold, you now know my share of x stock at serial number 12345 has now been bought once and
SUGGESTED ROUTING*
Senior ManagementLegal & ComplianceOperationsSystemsTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
As previously reported in Notice To Members 88-104, the NASD, beginning February 12, 1989, will require its members to respond to requests for trading data using an automated format. The format is consistent
Does FINRA only wish to cater to the "RICH CATS" of Wall Street? ETFs are a Godsend to smaller investors, WHOM can NOT open $1 Million + accounts with Goldman Sachs, or Morgan Stanley....and get special privileges (edges) like getting 1st dibs on new IPOs etc. NOW, inverse funds are under review so SMALL fry WILL NOT be allowed to 'short' sectors of the markets? MUST we all
I am deeply disturbed by the proposed regulation limiting access to leveraged and inverse ETFs (which are publicly-traded securities) to those with high net worth who pass a specialized regulatory exam and then jump through a series of administrative and timing-related hoops.
Leveraged and inverse ETFs are one of the few methods that the little guy has in order to protect his or her investments
