Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive
I am a new retail investor but I have found quickly a strong sentiment of unfair trading practices and market manipulation by hedge funds that leaves retail traders at significant disadvantages. I appreciate the efforts on behalf of FINRA and the SEC to eliminate these events of malpractice by enforcing the rules that are currently in place, as well as, providing the public with more accurate and
Hello and good evening. I would just like to comment that it makes no sense why the market maker "Citadel" trades on the dark pool that they created not having to report any information while they look at every order we make. Investing in a company should not be playing against the house, this is not a casino, it is an investment for the better of our economy. FINRA (you) reported GME
With all due respect "reporting" is a small part of the shorting problem. While I support more immediate reporting requirements, the issue is naked shorting, mislabeling of shorts (as longs), and other shorting malfeasance being used by market makers (i.e. Citadel and Virtu) to manipulate market prices and destroy market integrity. Fines are also the biggest joke. Citadel has been fined
Seeing new regulatory rules and requirements is a good step, however they are only as powerful as their own enforcement. FINRA is apparently aware of PFOF, naked shorts, dark pool trading (of up to 89% total daily volume), etc. The rules recently put in place, as well as this request for comment(s) make this obvious. However, the retail investor trades continue to have minimal effect on actual
WASHINGTON—The FINRA Investor Education Foundation (FINRA Foundation) has released a new report, The machines are coming (with personal finance information). Do we trust them?Despite the growing popularity of artificial intelligence (AI), very few consumers knowingly turn to AI for information on personal finances, according to the report.“As AI continues to be integrated into consumers’ everyday
I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much
Dear Regulators and to whom it may concern.
Owning and managing leveraged funds like pro shares ETFs since 2007, I understand how they work and react with market trends and am fully aware of any risks, as it is explicitly explained with no discretion from those companies and by the nature of those types of ETFs. I should be able to chose if I buy them or sell them as a regular investor, with no
The Neutral Corner—Volume 3, 2019
Mission Statement
FINRA’s Website Has a New Look
Arbitrator Withdrawals Undermine the Arbitration Process (by Steven B. Caruso)
Office of Dispute Resolution and FINRA News
Case Filings and Trends
New Portal Form: Award Information Sheet
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