Comments: I have been trading stocks and options for more than three decades and believe that education of the public and a understanding of the complexity of that asset should be explained prior to purchase of that asset.
Executive Summary
NASD is issuing this Notice to Members to remind member firms and registered financial and operations principals (FINOPs) of a FINOP's duties and responsibilities under Rule 1022 (Categories of Principal Registration). These duties are applicable to all FINOPs, regardless of whether they are employed full-time or part-time, perform such duties on-site or off-site of the
Investments in leveraged ETFs gave me the ability to sustain my family in times of our tumultuous economy. I would not have access to them had they been over zealously gatekept by over-regulation. I can only assume that in your position you are hoping to protect the public from investing in securities they do not fully understand or you feel is potentially exploitive. Perhaps issuers of
To Whom It May Concern: I am a self-directed individual investor writing to urge you in the strongest possible terms to avoid creating any new regulatory barriers to investing in leveraged or inverse funds. Your role in upholding basic investor protections is vital to the integrity of the market. While institutional investors can access a variety of financial instruments to take advantage of
Summary
FINRA alerts members to an emerging threat to customers and members, where FINRA, NASDAQ and NYSE have observed initial public offerings (IPOs) for certain small capitalization (small-cap) issuers listed on U.S. stock exchanges that may be the subject of pump-and-dump-like schemes (sometimes referred to as "ramp-and-dump" schemes in other jurisdictions).1 FINRA has observed
(a) Quid Pro Quo Allocations
No member or person associated with a member may offer or threaten to withhold shares it allocates of a new issue as consideration or inducement for the receipt of compensation that is excessive in relation to the services provided by the member.
(b) Spinning
(1) No member or person associated with a member may allocate shares of a new issue to any account in which
(a) Quid Pro Quo AllocationsNo member or person associated with a member may offer or threaten to withhold shares it allocates of a new issue as consideration or inducement for the receipt of compensation that is excessive in relation to the services provided by the member.(b) Spinning(1) No member or person associated with a member may allocate shares of a new issue to any account in which an
The Observations on Liquidity and Credit Risk Management section of the 2019 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
I'm pleased to have this opportunity to talk to you about complex products in the retail market. Complex products have grown in importance as retail customers search for yield and firms look for innovative products to meet this demand and generate revenue.
Citadel and Robinhood must be held accountable for their collusion and manipulation of the "fair market." They should not be allowed to have any interests or assets in the market. Their assets need to be forfeited.
