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EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) has approved changes to Form BD, the Uniform Application for Broker/Dealer Registration. The amendments, developed in consultation with the NASD, North American Securities Administrators
In November 2000, the SEC adopted Exchange Act Rule 11Ac1-5. Rule 11Ac1-5 is aimed at improving public disclosure of order execution quality. Under Rule 11Ac1-5, the SEC requires market centers that trade national market system securities to make monthly electronic reports.
Summary
This Notice provides information to assist market participants in understanding the short sale volume data published on FINRA’s website. FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to
This filing has been withdrawn.
NASD, through its subsidiary, The Nasdaq Stock Market, Inc. (“Nasdaq”), is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to exempt from NASD Rule 3350, the short sale rule, sales in Nasdaq National Market (“NNM”) securities reported to the Nasdaq Market Center trade reporting service comprising the “riskless” portion of a
Hi FINRA, what were seeing in the stock market is unprecedented. 71 percent dark pool volume for AMC from the same people that have a short interest. This is unacceptable in any “free and fair market”. Short selling is a cancer on the back of the US financial system and has adverse effects on the rest of the world. We need more transparency from the “too big to fail” players in the market and
The ability to short a stock legally is fine. The fact that FTD exists should be illegal. You can not fail to deliver what has been purchased. Also any purchase short or long that is below a dollar value of 20 million dollars should by law be required to be done on a public exchange and not in a dark pool. This would make sure illegal or price manipulation activities like high frequency trades
NASD has filed with the SEC a proposed rule change to align certain supervisory control and inspection requirements in NASD Rules 3010 and 3012 with the supervisory control and inspection requirements in New York Stock Exchange ("NYSE") Rules 342.19 and 342(a)(b)/03. The SEC approved these rules on June 17, 2004. In addition, NASD is proposing several non-substantive technical
I currently feel that this needs to tracked more accurately and made public. I personally feel like things are done illegally and this would atleast help make things more transparent. Have also seen suspicious activity done on sort sale restrictions days (selling millions of shares worth of deep in the money calls to force market makers to short a stock to remain delta neutral). I'm not sure
NASD has filed with the SEC a proposed rule change to amend Section 4 of Schedule A of the NASD By-Laws to establish the examination fee for the new Research Analyst Qualification Examination (“Series 86/87”) program. The proposed rule change also sets forth a pass-through development fee for the Series 86 and Series 87 examinations, which is to be paid to the New York Stock Exchange (“NYSE”).
We would love to see short sale institutional/hedge fund data be reported just as the regulations require long positions 13F filings in order to file and finalize a purchase. Currently we have an issue where naked shorts have been created in several stocks across the market, but could be better regulated by requiring such filing so be submitted before large scale institutional short positions are
