This Written Supervisory Procedures Checklist (“WSP Checklist”) outlines selected key topics as a reference tool to assist funding portal members (“FP members”) in fulfilling their compliance obligations.
Increased Margin Requirements for Leveraged Exchange-Traded Funds and Associated Uncovered Options
<p>Application of NASD Rules 3370(b)(1) and 3370(b)(2)(A) to orders received by a Nasdaq market maker from other registered broker/dealers.</p>
Continuing Education Planning
Volatility—market swings—can sometimes bring an uncomfortable surprise to investors: a margin call. When you buy stock on margin, your brokerage firm lends you cash, using assets in your account as collateral, to purchase securities. To trade on margin, you must have a margin account with your brokerage firm.
As a retail investor the main comment I have about our regulatory system relative to the markets is the penalties need to fit the crime. As it stands our penalties are nothing more than a small cost of business, and profits made far exceed the fines. How do you expect to deter illegal behavior if the penalty for committing it is less than a poke in the chest?? Increase the fines to double or even
re: Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting To whom it may concern, the current structure and function of the American Equities Markets has, over a period of many years (& now on display for the whole world to see in the unfolding of the Meme Stock Scandal), been utilized to swindle trillions of dollars from The American
Short positions should be force closed on failure to deliver. The ability to cover a failed delivery with options or collateral does not excuse that an investor is actually stolen from with a failure to deliver. Also of concern, the "can kicking" through synthetic share production by means of options contracts. No one should be allowed to have 400 million put contracts on the books. Is
My comments are as follows: 1. The T-2 settlement period needs to changed to a T-0 or T-evening (the day of). The fact that retail investors have to wait two days, whereas institutional investors don't, violates a free and fair market. 2. Eliminate the loopholes and gaps in the rules that allow institutional investors to wait until T-35 and beyond to settle FTDs. For an example AMC and GME
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Executive Summary
New uniform provisions regarding the automated reporting requirement for Positions Hedging Stock Options will become effective on December 31, 1997.
New uniform provisions regarding the
