It is important to me that the ability to trade and invest in all public funds, and that ability not be infringed upon by regulators
I am competent and understand the complexity and associated risks trading in leveraged and inverse funds and should not require any specialized training or special access permissions. I do not want my ability to invest in these funds to be limited in any manner.
On Tuesday, August 3, 2021 from 2 p.m. to 6:30 p.m. ET, the FINRA Test Facility (NTF) will be unavailable for testing FINRA Multi Product Platform (MPP) products.
This affects FINRA's Trade Reporting and Compliance Engine (TRACE), FINRA's Alternative Display Facility (ADF) platform, and the OTC Reporting Facility (ORF).
FINRA's production systems are unaffected by this
In accordance with its regulatory responsibilities pursuant to Regulation NMS, FINRA is issuing a pre-quotation notice1 to advise that it plans to certify a new participant to begin using FINRA’s Alternative Display Facility (ADF) for quotation and trading of CTA and UTP listed securities on or after Monday, March 27, 2023, subject to regulatory approval and related announcements.
Once certified
FINRA Publishes Consolidated Criteria to Designate Firms for Mandatory Participation in FINRA’s Business Continuity/Disaster Recovery Testing
Effective Monday, March 3, 2008, when reporting odd-lot transactions1 to a FINRA Trade Reporting Facility (TRF), the Alternative Display Facility (ADF) and the OTC Reporting Facility (ORF) (collectively referred to as the "FINRA Facilities"), firms:
FINRA may, upon notice, terminate access to the trade reporting service of the System as to a Participant in the event that a Participant fails to abide by any of the rules or operating procedures of the trade reporting service of the System or FINRA, or fails to honor contractual agreements entered into with FINRA or its subsidiaries, or fails to pay promptly for services rendered by the trade
Every share needs to be tracked. Every share should easily be accounted for and able to be located. If we are going to allow for share lending then only allow for the share to be lent once. Every order should be delivered T+2. If a fTD occurs there needs to be a steep penalty/fine ex: 10x cost penalty. Every short position should be updated with FINRA daily. Self reporting is a joke and
Naked shorts, synthetic shorts, dark pools, all must go. Where is the fairness in trading on t Wall Street if the retail inverstors are at a disadvantage? There has to be more transparency on Wall Street, there has to be someone in charge who enforces the new regulations from SEC and FINRA, and reporting practices must be on a public level. Hedge fund and retail investor must have the same
I am invested in many stocks that I feel have naked shorts in them. I strongly suspect that I even own some in $AMC. I do not feel the market is fair if this is allowed to happen. It gives already very rich entities an extremely unfair advantage in trading. I would feel a lot better about investing more money in the market if I knew that criminals were not just fined, but held accountable in ways
Have all short sales be reported to finra by end of each settlement day. Make public and report the day to day short sale by end of settlement day or the trading week. Have unused loaned shares reported to finra by end of settlement day. Make public the outstanding unused loaned share by end of settlement day of a trading week. Make all threshold securities regulation reported daily with full
