SEC Announces Approval of Amendment to NASD's Minor Rule Violation Plan (MRVP) to Include Failure to Timely Submit Amendments to Form U5
Comment Period Expires: April 30, 1997
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Executive Summary
NASD Regulation, Inc. (NASD RegulationSM) requests comment on new NASD® Rule 2460 that would restrict the payment of "finders" or referral fees by NASD members to unregistered third parties for the referral
This is unwarranted, unjustified, and unnecessary. Investors should be able to make their own decisions about what they invest in, and when, and how. Fund family vendors provide all the information necessary about their product(s) to let any investor who TAKES RESPONSIBILITY for THEMSELVES for their actions to understand clearly what they are investing in, and the risks inherent in that
the leveraged funds, both long and short the underlying, are important tools in portfolio construction. The open and free markets and skill sets should determine the winners and losers, not selected regulations. And we the investors should have to be responsible for our own actions, whether the results are good or not. Nor should we be subjected to pass an exam of sorts to qualify. The current
Dark pools need to be eliminated and naked shorts are ILLEGAL but are still an ongoing practice among hedge funds. SSR needs to also be enforced much better. The hedge funds are able to do whatever they want and don't get punished for their actions. SEC, please step up and stop illegal practices and be more transparent in regards to stock market information.
FINRA is conducting a retrospective review of the NASD Rule 1010 Series (Membership Proceedings) (collectively, MAP rules), which govern FINRA’s Membership Application Program (MAP).1 The purpose of the review is to assess whether the rules are meeting their intended investor protection objectives by reasonably efficient means and to take steps to maintain or improve the effectiveness of the
Sec. 3. (a) Following the termination of the association with a member of a person who is registered with it, such member shall, not later than 30 days after such termination, give notice of the termination of such association to the Corporation via electronic process or such other process as the Corporation may prescribe on a form designated by the Corporation, and concurrently shall
It can be difficult to recover assets lost to fraud or other scenarios in which an investor has experienced a problem with an investment. But there are legitimate ways to attempt recovery. In most cases you can do so on your own—at little or no cost.
Our country is founded on Freedom guarunteed in the constitution. Any actions by Government outside groups to limit our Freedom of choice or centralize control, represent a degredation of our Freedom. Investing in a free market is a key element of citizen right to freely earn through investments and is no business of the FINRA. I suspect the potential rule is being pushed to protect investors
I would like to submit my opposition to the actions to restrict access to certain funds that are deemed "complex". The funds are the small investors only ability to hedge their accounts against certain market risks. Without them we are left exposed to unnecessary risks. It's a bad idea to restrict investment opportunities. The reality is that these types of funds may
