1) Market maker cannot run their hedge funds : They have huge conflict of interest in their actions as market maker. 2) Mandatory short interest and long interest on weekly basis 3)US to adopt a settlement discipline regime (like EU's CSDR), which would reverse failed trades and suspend market participants who repeatedly fail to deliver shares sold 4) Acting on current rules diligently. 5)
Member firms should be aware of an ongoing phishing campaign involving fraudulent emails targeting executives and purporting to be from FINRA employees, with the goal of harvesting credentials. As indicated by the full, expanded email address hidden under a masked email display name, these emails are not from FINRA, and firms should delete them and consider blocking the fraudulent domains.
I oppose the proposed action by FINRA. Many investors use leveraged products as insurance or hedges to counter market volatility. The proposal is a direct confrontation on my freedom to make my own investment decisions.
I have over 30 years of investment expertise and realize the risks in inverse and leveraged funds. They make up only a small portion of my total portfolio and are used to protect
Ladies and Gentlemen,
As a retired RIA and portfolio manager who spent more than 25 years managing assets and advising private clients, I object to FINRA's Notice #22-08 proposing to limit access to leveraged and inverse ETFs. While there will always be a handful of novice and unsophisticated clients who may harm themselves by trading financial instruments they don't fully
United States citizens are the creators and the product of the democratic systems they make. That's a high responsibility, and one which many American are ill-equipped to make. That doesn't mean they ought to lose it. Likewise in finance, regulators ought to take reasonable action to protect Americans, but Americans are ultimately individually responsible to themselves, their
To Whom It May Concern:
I am opposed to the proposed FINRA action (Notice #22-08) limiting my ability to utilize leveraged and inverse in my overall portfolio investments.
I should be able to choose the public investments that are right for me and my family.
Public investments should be available to all of the public, not just the privileged.
I understand leveraged and inverse funds and their
NASD Regulation, Inc., has filed with the SEC a proposed rule change to amend NASD Code of Procedure Rule 9216 and NASD Code of Procedure Rule 9270. The purpose of the proposed rule change is to substitute for Office of General Counsel review of proposed Acceptance, Waivers and Consents (AWCs) and proposed violation letters under the minor rule violation plan pursuant to SEC Rule 19d-1(c)(2)
Summary
FINRA is conducting a retrospective review of Rule 4530 (Reporting Requirements) to assess its effectiveness and efficiency. This Notice outlines the general retrospective rule review process and seeks responses to several questions related to firms’ experiences with this specific rule.
Questions concerning this Notice should be directed to:
Michael Garawski, Associate General
On Wednesday, January 27, 2021, starting at 2:40 p.m. ET, the FINRA/NYSE TRF experienced a technical issue resulting in delays when submitting trade information to DTCC and FINRA. Trade reports to the Consolidated Tape were not impacted, and all trades were submitted to clearing by 8:30 p.m. ET on January 27, 2021.
FINRA is working with the NYSE TRF to receive any trades that were
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Executive Summary
The Board of Governors, acting on the recommendation of a special Ad Hoc Committee, is clarifying the applicability of Article III, Section 40 of the NASD Rules of Fair Practice to the investment advisory activities of registered representatives. This Notice describes those
