Summary
The NAC has revised FINRA’s Sanction Guidelines to incorporate a new guideline for violations of the Consolidated Audit Trail System (CAT) industry member compliance rules.
The revised Sanction Guidelines are effective immediately and available on FINRA’s website.
Questions concerning this Notice should be directed to:
Alan Lawhead, Vice President and Director – Appellate Group,
Limiting the general public’s access to complex products while not limiting institutional access will greatly and unfairly benefit the richest citizens of this country, while hamstringing the middle class citizens who wish to generate income through complex products, and who do not have the means to go through institutions as middle-men. Americans should be free to choose where their money goes.
FINRA has updated the TDDS 2.0 Specification and the ORF API Specification.
The Market Center Originator value ‘u” has been redefined as “OTC Equity Security” and the Market Center Originator value of “F” has been eliminated.
Please email FINRA Product Management or call (866) 899-2107 if you have any questions regarding this notice.
3x etfs are fine. Have the exchange do what they already do and inform the investor at the top of the leveraged etf that they can lose their entire investment. Don't make it difficult to buy and hold tqqq long term...its only made me money... swing trading/ daytrading. But people that have held it long have done great.
A reflection on AWS' Non-Profit Hackathon for Social Good
