To whom it may Concern,
I received this alarming message about investing in a complex security that if Finra passed, it would limit our ability to buy more shares. It is very unfair if you committed to a position understanding the rules initially and planned out your strategy for the whole year, and in the middle of the battle, the rules change. This is very unfair.
FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Payments to Unregistered Persons
The Funding Portals and Crowdfunding Offerings 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.
NASD has filed with the SEC a proposed rule change to amend Rule 2130 to correct a typographical error in Rule 2130(c) by changing "Uniform Application for Securities Industry Registration of Transfer" to "Uniform Application for Securities Industry Registration or Transfer."
GUIDANCE
Publication of National Adjudicatory
Council Membership Decisions
Pursuant to NASD Rule 1015
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Senior Management
IM-8310-2
Publication of NAC Membership
Decisions
Rule 1014
Rule 1017
Rule 1015
Executive Summary
On October 28, 2005, the Securities and Exchange Commission
(SEC) approved amendments to IM-8310-2
Effective December 31, 2007, new NASD Rule 1160 (Contact Information Requirements) streamlines the review and verification of contact information and eliminates the requirement that member firms review and update certain designated contact information on a quarterly basis. The new rule requires firms to update designated contact information promptly upon any material change, verify such information annually and comply promptly with any request for such information.
Proposed Rule Change to Amend an Exemption to Rule 1050 for Certain Foreign Research Analysts
NASD is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend NASD Rule 2711 regarding a member’s disclosure and supervisory review obligations when it distributes or makes available third-party research reports.
This rule filing was withdrawn.
Proposed Rule Change to Delay the Implementation date of FINRA Rule 2090 (Know Your Customer) and FINRA Rule 2111 (Suitability)
(a) Motions to Dismiss Prior to Conclusion of Case in Chief
(1) Motions to dismiss a claim prior to the conclusion of a party's case in chief are discouraged in arbitration.
(2) Motions under this rule must be made in writing, and must be filed separately from the answer, and only after the answer is filed.
(3) Unless the parties agree or the panel determines otherwise,
