FINRA has revised the following examination programs:
Proposed Rule Change to Adopt FINRA Rule 2081 (Prohibited Conditions Relating to Expungement of Customer Dispute Information)
This rule is disrespectful and elitist. There are unlimited resources online, many free, that can educate people about all investment products. Rules designed to "protect" investors simply enrich and entrench the wealthy. There will always be "gamblers" who invest unwisely, but the extreme overreaction of this proposed rule is not the answer. All investment
FINRA Reminds Firms of Their Responsibilities Under FINRA Rule 2330 for Recommended Purchases or Exchanges of Deferred Variable Annuities
Application for Exemptive Relief from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System
Proposed Rule Change to Extend the Effective Date of the Trading Pause Pilot
FINRA has taken disciplinary actions against the following firms and individuals for violations of FINRA rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
This SEC proposed rule is wholly unnecessary, it does nothing but restrict retail traders with lower net worths from making the same fair trades as those with higher net worths. A rule that seeks to restrict access to investment vehicles using net worth is in fact not a rule. It is a barrier, not unlike a fee, that the middle class must struggle to obtain before theyre allowed to engage by the
Response to the Financial Industry Regulatory Authority (FINRA) proposed rules on leveraged ETFs Leveraged ETFs may be volatile but it is not more volatile than many individual securities. In addition to uncertainties with individual stocks, Investors are able to allocate the use of leveraged ETFs to diverse their assets to fit their risk tolerance against the effects of a volatile and uncertain
Summary
With the recent increase in the number of customers seeking to open brokerage accounts and trade options, FINRA reminds members of the requirements for determining whether to approve a customer to trade options. Regardless of whether the account is self-directed or options are being recommended, members must perform due diligence on the customer and collect information about the customer
