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
FINRA is a not-for-profit, self-regulatory organization (SRO) dedicated to promoting investor protection and market integrity in a manner that facilitates vibrant capital markets. One of FINRA’s tools for achieving this objective is fair and effective enforcement of our member firms’ compliance with securities laws and regulations.
FINRA’s highest priority when it identifies misconduct is to
Proposed Rule Change to Amend FINRA's Code of Procedure
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
FINRA is issuing this Notice to remind member firms of their supervisory obligations under FINRA Rules 3110 (Supervision) and 3120 (Supervisory Control System) if they hold or transact in customer accounts owned by municipal entities or obligated persons (municipal clients), as defined in Section 15B of the Securities Exchange Act of 1934 (Exchange Act), and participate in investment-related
Would you please stop acting like any of your new rules are going to do anything. New penalties, including jail time, need to be implemented. As of now you are being insulting and ignorant. The slap on the wrists continue=the crimes still continue. You are asking the very people breaking the laws to report to you that they are breaking the law, instead they file false report after false report,
While putting out notices is a (small) step in the right direction, the punishment needs to fit the crime. The current penalties for the majority of already fraudulent, illegal or criminal market activities are fines which represent a minute fraction of the profit gained by perpetuating them. As such, any enforcement (on the rare occasions enforcement actions are even taken) simply represents the
(a) Notice of Suspension or Cancellation
If a member, person associated with a member or person subject to FINRA's jurisdiction fails to comply with an arbitration award or a settlement agreement related to an arbitration or mediation under Article VI, Section 3 of the FINRA By-Laws or a FINRA order of restitution or FINRA settlement agreement providing for restitution, FINRA staff
(a) Notice of Suspension, Cancellation or Bar
If a member, person associated with a member or person subject to FINRA's jurisdiction fails to pay any fees, dues, assessment or other charge required to be paid under the FINRA By-Laws or rules, or to submit a required report or information related to such payment, FINRA staff may issue a written notice to such member or person stating
Summary
The purpose of this Election Notice is to notify members of an upcoming election to fill one large firm and one mid-size firm seat on the National Adjudicatory Council (NAC), and to announce the FINRA Nominating & Governance Committee (Nominating Committee) nominees for these vacancies. Eligible individuals not nominated by the Nominating Committee who obtain the requisite number
