NASD is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to incorporate certain rules of New York Stock Exchange LLC (“NYSE”) relating to the regulation of member firm conduct (the “Incorporated NYSE Rules”). The Incorporated NYSE Rules will apply solely to members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) that also are members
NASD is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the NASD Rule 9700 Series to streamline the existing procedural rules applicable to general grievances related to NASD automated systems.
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to amend Rule 6957 to extend the effective date of the implementation of Phase Three of the Order Audit Trail System rules to 120 days after SEC approval of SR-NASD-00-23 (April 19, 2000), which also proposes changes to the OATS rules.
RE: SEC Proposed Rule #S7-24-15, I believe that the proposed rule is radical, unworkable, and harms investors. Use of the term complex is vague and confusing leaving open the possibility of all sorts of unintended interpretations. It is an investors right to freely access the entire public investment market without unnecessary restrictions.
Dear FINRA, Please oppose restrictions to my right to invest in products which will protect my capital. The freedom to invest is paramount for investors to be treated equally and fairly in all products. The adoption of unfair rules will harm American stock market investors. Please stop this illegal adoption of new rules.
Exemption from Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems
NASD has filed with the SEC a proposed rule change to amend NASD Rule 6250(a)(4) to increase the number of TRACE-eligible securities to be disseminated under the rule from 90 securities to up to 120 securities.
NASD has filed with the SEC a proposed rule change to amend NASD Rule 2340 to eliminate outdated and unnecessary references to SEC Rule 15c3-1 under the Securities Exchange Act of 1934.
Q1. My firm has been granted an exemption from both the recording and reporting requirements of the OATS Rules and does not currently have an obligation to report to OATS. Does my firm’s OATS exemption extend to the Consolidated Audit Trail (“CAT”) recording and reporting requirements?
A1. No. Neither SEC Rule 613 nor the CAT NMS Plan provide exemptive relief to any class of broker-dealers. As
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed a proposed rule change to amend NASD Rule 2260 to conform to Rules 451 and 452 of the New York Stock Exchange and Rules 576 and 577 of the American Stock Exchange by permitting members to give proxies in absence of written instructions from beneficial owners in certain circumstances.
