A crowdfunding intermediary must register with the Securities and Exchange Commission (SEC) as a broker or as a funding portal and become a member of a national securities association (FINRA). The following crowdfunding intermediaries are registered with the SEC as funding portals and are funding portal members of FINRA.Learn more about funding portals.For broker-dealer firms, view the Broker
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: April 9, 1987.
EXECUTIVE SUMMARY
The NASD requests comments on proposed amendments to Article IV, Sections 3 and 4 of the NASD By-Laws and Article IV, Section 5 of the NASD Rules of Fair Practice. The amendments to the By-Laws would codify certain internal procedures presently employed by the NASD in processing terminations
FINRA Rule 1017 requires advance notice—but not prior approval—of changes of ownership or control in the form of a Continuing Membership Application. Form CMA must be filed at least 30 days prior to making such a change to give FINRA an opportunity to conduct a preliminary analysis of the change based on FINRA Rule 1014.
A firm may affect the change before the final, written decision is
(a) Disclosures
If at the time a fairness opinion is issued to the board of directors of a company the member issuing the fairness opinion knows or has reason to know that the fairness opinion will be provided or described to the company's public shareholders, the member must disclose in the fairness opinion:
(1) if the member has acted as a financial advisor to any party to the
Both I and my husband are individual investors and what we invest in and how much we invest is up to us as long as we are personally responsible for our own investments. To put the proposed regulations upon us is a great misplaced idea and an unacceptable proposal. I do not need to be told what to invest in or take a test to determine my investment knowledge because as an individual investor I
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Registration
Training
Executive Summary
NASD Regulation, Inc. (NASD Regulation) as previously announced, has contracted with Sylvan Learning Systems, Inc., for the management and operation of its test center network. The current goal is to begin delivery in select Sylvan locations in January 1997. Candidates wanting to
It is important that the pending increased regulation of "complex products" is not passed or put into place by FINRA.
Products deemed as such as used by investors such as myself after careful study, constitute a very small portion of my or my family office's net worth/liquidity, but present a vital tool in risk managment and/or achieving more beta in certain investing
I am writing to oppose any further regulation on leveraged and inverse investment products. Individual investors like myself have access to prospectus documents, we can read how the product operates, and we know that all investments in the stock and bond markets come with risks. Who is clamoring for this regulation, besides regulators? You might prevent 1% of investors from making a mistake, but
I want to have freedom to choose my investments, there is disclosure of risk already before any "risky" asset can be purchased.
I do NOT support further requirements to trade these securities, I should be the one making decisions about risk I am willing to take.
Leveraged and inverse funds play significant role in my trading strategy and investment strategy and can not be
(a) Mandatory Participation for Clearing Agency Members
(1) Participation in the System is mandatory for any FINRA member that has an obligation to report an over the counter transaction to FINRA, unless the member has an alternative electronic mechanism pursuant to FINRA rules for reporting and clearing such transaction. Such participation in the System shall include the reconciliation of all
