This regulation doesn't help me as a consumer or investor. It hurts me. It takes away my options and my ability to decide what is right for me and my finances. The attitude that individual investors are too dumb to understand "complex" investments is offensive. I do my homework and choose my investments based on my own risk profile, investment vehicles and asset classes that I
FINRA Requests Comment on Proposed New FINRA Rule 3190 to Clarify the Scope of a Firm’s Obligations and Supervisory Responsibilities for Functions or Activities Outsourced to a Third-Party Service Provider
TO: All NASD Members and Other Interested Persons
On April 30, 1984, the Securities and Exchange Commission ("SEC" or "Commission") published for comment changes to the National Market System (NMS) designation criteria which by the National Association of Securities Dealers, Inc. ("Association" or "NASD") has proposed. If adopted, the effect of the changes
(a) Prior written notice shall be given to FINRA whenever any member guarantees, endorses or assumes, directly or indirectly, the obligations or liabilities of another person.
(b) Prior written approval must be obtained from FINRA whenever any member receives flow through capital benefits in accordance with Appendix C of SEA Rule 15c3-1.
• • • Supplementary
SummaryFINRA recently held annual elections to fill vacancies on the Small Firm Advisory Committee (SFAC) and the Regional Committees, and, at its December meeting, the FINRA Board of Governors (FINRA Board) appointed several individuals to fill vacancies on the SFAC and the National Adjudicatory Council (NAC). This Notice lists the individuals recently elected and appointed to the SFAC, Regional
I think the SEC should stop limiting more financial products for only accredited investors. General retail investors are already not allowed to invest in alternative assets such as VC, PE, growth equity and private credit funds that have consistently generated significant alpha over public market returns
(a) Notification
(1) Each carrying or clearing member shall promptly, but in any event within 24 hours, notify FINRA in writing if its net capital falls below the following percentages:
(A) the member's net capital is less than 150 percent of its minimum dollar net capital requirement or such greater percentage thereof as may from time to time be designated by FINRA;
(B) the member is
IMO this is excessive overreach by regulators. There is very little about leveraged or inverse funds that is any more complicated than their ordinary counterparts or mutual funds. I would venture to estimate that fewer than 1% of mutual fund owners could name the top three holdings in any mutual fund they have. Most of these inverse funds are even simpler: they have basically ONE holding. How is
New Template Available on FINRA Firm Gateway for Compliance With SEA Rule 17a-5(f)(2) (Statement Regarding Independent Public Accountant)
eFOCUS System Updates Applicable to Joint Broker-Dealers/Futures Commission Merchants
