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Executive Summary
On September 22, 1998, the Securities and Exchange Commission (SEC) approved amendments to the National Association of Securities Dealers, Inc. (NASD® or Association) rules regarding
Staff grants exemption from the Short Sale Rule for certain transactions executed through a member's passively-priced trading system.
April 3, 2007
Mr. Louis J. Karcher
Principal & Chief Compliance Officer
Pipeline Trading Systems LLC
60 East 42nd Street, Suite 624
New York, NY 10165-0006
Re: NASD Rule 5100: Request for Exemptive Relief
Dear Mr. Karcher:
This is in
<p>Applicability of NASD Rule 3070 to the operations of a mutual fund variable product distributor broker/dealer with a separately registered transfer agent.<br/></p>
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).
Proposed Amendments to Postponement Fee Rule and Hearing Session Fee Rule under the Arbitration Codes
THE ABOVE PROPOSED FINRA RULE #22-08. THIS IS NOT A GOOD RULE, PAUSE FOR AFTER GESARA/NESARA IS IN FULL AFFECT, I SHOULD NOT HAVE TO DO ANYTHING SPECIAL TO PURCHASE ANY CRYPTO-CURRENCIES. THANK YOU AND WE NEED CRYPTO TOO.
This request for exemptive relief is granted based on the Firm's representation that the Contributions were made prior to the individual's employment with the Firm, and that the individual was never engaged in municipal securities business, as defined by MSRB Rule G-37 ("Rule"), and the individual has never solicited municipal securities business from the City or City agencies of whom the Contribution recipients are issuer officials. The Firm agreed to institute certain information barriers, the individual will, for a period of time, be prohibited from soliciting municipal securities business as defined by the Rule, and the individual may not receive any compensation derived directly or indirectly from municipal securities business from City or certain City agencies for a period of time.
NASD Rule 2830 - Investment Company Securities</p>Offices of sub-adviser holding training and education meeting is permissible location under Rule 2830(l).
Personnel Background Investigations
Regulatory Notice
Notice Type
Guidance
Referenced Rules & Notices
Article III, Sections 3 and 4 of the FINRA By-Laws
NASD Rule 3010(e)
NTM 97-19
NTM 05-39
NYSE Interpretation Handbook Rule 345.11/01
NYSE Rule 345.11
NYSE Rule 346b
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The concept behind interval funds is a higher return in exchange for non daily liquidity. While the concept appeals to clients with surplus liquidity, the regulatory oversight is poor All prospectuses I have read mislead the client and the FA to believe the investment may be redeemed on a specified date. What is never discussed is the optionality the fund has where they may limit redempyions to 5
