FINRA Requests Comment on Proposed Amendments to FINRA Rule 4210 for Transactions in the TBA Market
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperationsRegistration*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The 1992-93 NASD® broker/dealer and agent registration renewal cycle begins in early November. This program simplifies the renewal process through the payment of one invoice amount that will include fees for
(a) Each member that is subject to the requirements of SEA Rule 17a-13 shall make the counts, examinations, verifications, comparisons and entries set forth in SEA Rule 17a-13.
(b) Each carrying or clearing member subject to the requirements of SEA Rule 17a-13 shall make more frequent counts, examinations, verifications, comparisons and entries where prudent business practice would so require.
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperationsRegistration*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The 1991-92 NASD broker/dealer and agent registration renewal cycle begins in early November. This program simplifies the renewal process through the payment of one invoice amount that will include fees for
INFORMATIONAL
Trade Date — Settlement Date
SUGGESTED ROUTING
KEY TOPICS
Internal Audit
Legal & Compliance
Municipal/Government Securities
Operations
Trading & Market Making
Holiday Trade Date — Settlement Date Schedule
Veterans' Day And Thanksgiving Day: Trade Date — Settlement Date Schedule
The schedule of trade dates-settlement dates below
Unless otherwise indicated, suspensions will begin with the opening of business on Monday, September 16, 1996. The information relating to matters contained in this section is current as of September 5, 1996. Information received subsequent to September 5, 1996, is not reflected in this section.
Firm Expelled, Individual Sanctioned
Banc Street Securities, Inc. (Milwaukee, Wisconsin) and Gerald
As an investor in leveraged ETFs, I oppose adding additional requirements to be able to invest in them. There are already very aggressive warnings against investing in leveraged ETFs on the brokerage sites that I've used (specifically Fidelity and Schwab). These extra warnings informed me that these products are not suitable for most investors and made you acknowledge that these
Its interesting to see how FINRA favors "big money", who causes most of the chaos and wide market swings, over those of whom are considered the (retail investor). Every prospectus lists the risks associated with the particular stock or fund, stating "Investor beware", yet FINRA considers margin and option trading less riskier. Regulators tend to pick the
Dear FINRA,
Public leveraged securities should be made available to the public at large without any special testing, endorsements or requirements. While I can appreciate that you are looking out for the novice investor, these ETFs (just like *any* ETF) are managed by managers who are FAR MORE FAMILIAR WITH THE MARKET than I am! Thats why they earn a management fee. I love the S&P and
As to the warning I received from ProShares concerning a radical and unprecedented threat by regulators that could affect my right to buy dozens of popular public investments, including leveraged and inverse funds, it is my opinion that these products have, in fact, helped to level the playing field for the individual investor, and therefore, provide the balance, at this moment in time, required
