Dear FINRA regulators,
We believe it is an investors right to freely access the entirety of the public securities markets without any arbitrary restrictions. Any restrictions could potentially deny us the freedom to choose investments that could help us achieve long-term financial security.
FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast
I, like many others, am fully capable of understanding market risks and specific investment risks of leveraged and inverse funds. I am capable of doing research, understanding risks, and making a decision on whether to invest. The decision should not be taken away from me or anyone else. If people are allowed to freely buy lottery tickets then so should anyone be allowed to invest in any
You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse
FINRA Requests Comment on Proposed FINRA Rules Requiring the Identification of Non-Member Broker-Dealers in Order Audit Trail System (OATS) Reports and the Reporting of Additional Order Information by Alternative Trading Systems (ATS)
The Communications with the Public 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.
Exchange Act Rule 15c2-11 (the “Rule”) governs the publication or submission of quotations by broker-dealers in a quotation medium other than a national securities exchange (i.e., the OTC market). The Rule generally prohibits a broker-dealer from publishing a quotation for any security in a quotation medium unless the broker-dealer has reviewed current and publicly available information about the issuer whose security is the subject of the quotation, and the broker-dealer believes this information is accurate and obtained from a reliable source. Municipal securities and other “exempt securities” (e.g., government securities, Treasury securities) are not subject to the Rule.
TO: All NASD Members and Other Interested Persons
Following is a list of NASD Notices to Members issued during the first quarter of 1985. Requests for copies of any notice should be accompanied by a self-addressed mailing label and should be directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D. C. 20006.
Notice Number
Date
Topic
85-1
January 8, 1985
Martin Luther
I want to continue choosing my investments without inference from government regulators. I have been buying and selling securities for over 25 years. During that time I have invested in inverse funds, which includes a fund I am invested in today, of which I made a purchase of just two days ago. I am fully capable of understanding leveraged, and inverse funds, and should be able to continue
(a) Participation Requirements
(1) Only members of FINRA in good standing may participate in the FINRA/NYSE Trade Reporting Facility.
(2) Participation in the System shall be conditioned upon the initial and continuing compliance with the following requirements:
(A) execution of, and continuing compliance with, a Participant Application Agreement;
(B) membership in, or maintenance of an
SEC Approves Amendments to TRACE Reporting Requirements to Conform With Requirements in the Multi Product Platform
