The Financial Industry Regulatory Authority (FINRA) is thinking of regulating a broad range of public securities they deem "complex". This scheme is MISGUIDED and could deny me the freedom to achieve long-term security. The scheme is arbitrary and unworkable and would allow
"BIG BROTHER" to say what the public can or cannot purchase in the public securities
People should be allowed to invest their disposable income however they see fit. I worked for it, gave the government their share, and now you want to tell us how to spend the remainder? This type of regulation will hurt market growth by deterring people from investing as they will no longer be allowed to invest they way they see fit for their long term goals. This also makes FINRA look like they
I not regulators should be able to pick the investments that are right for me and my investment strategies. This is another regulatory overreach that serves the institutions and not the public, it should never be accepted. I do not need to be patronized by FINRA or any government institution on how I invest. It is those same dumb and shortsighted limitations that are driving social security into
Every institution should have to report their short position(s) immediately and be made public. The time is takes for market makers to cover failure to delivers on the thresh hold list needs to be reduced from 13 days to 3 days. All failure to delivers should be reported T+2 days. The penalty for creating synthetic shares should be the same as creating counterfeit fiat. Fines for market
SUGGESTED ROUTING*
Senior ManagementLegal & ComplianceOperationsTraining
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The SEC has approved amendments to Article III, Sections 2 and 21 (c) of the Rules of Fair Practice ("Rules") to require NASD members to make reasonable efforts to obtain additional information
Our role is informal in nature. We do not make business or policy decisions for FINRA or participate in formal processes such as disciplinary or personnel actions.
SUGGESTED ROUTING*
Senior Management
Institutional
Legal & Compliance
Mutual Fund
Operations
Options
Registration
Trading
Training
*These are suggested departments only. Others may be appropriate for your firm.
MAIL VOTE
EXECUTIVE SUMMARY
The NASD requests members to vote on proposed amendments to Article III, Sections 2
I oppose any restrictions to my right to invest in leveraged or inverse funds. These funds are critical components to my investment strategy. Regulators have no right to tell me what I CANNOT invest in when such investments are in the public domain. I have a brain and I can understand risks. I control my investments - not you or any other entity. There should be no limits, restrictions or special
Unless otherwise defined in the Code, terms used in the Code and interpretive material, if defined in the FINRA By-Laws, shall have the meaning as defined in the FINRA By-Laws.
(a) Arbitrator and Mediator Portal
The term "Arbitrator and Mediator Portal" means the web-based system that allows invited arbitrators and mediators to access a secure section of FINRA's website to submit
Naked short selling and the black market should be illegal. Every share should have a specific number assigned, tracked and allocated for daily. Each share should only be borrowed for a short position one time, using the specific number assigned. Once the borrower share is returned, only then can it be used again. Short positions should never exceed the actual number of shares that exist for any
