NASD is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to incorporate certain rules of New York Stock Exchange LLC (“NYSE”) relating to the regulation of member firm conduct (the “Incorporated NYSE Rules”). The Incorporated NYSE Rules will apply solely to members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) that also are members
Addressed to Yvonne Huber & Racquel Russel. Thank you both for requesting comment on Short Interest Position Reporting. I find it hopeful and positive that FINRA has acknowledged a gap in their ability to oversee Short Interest and Fail-To-Deliver Positions. In order to protect American investors (many of whom rely on equity positions ins 401Ks and IRAs to have a hope of retirement) FINRA
I am an American citizen, taxpayer and investor. I vehemently oppose any government restrictions of what I can invest in. It is my responsibility to determine what investments are correct for my family, not regulators. I do not need to have any special permit or passed an exam to make my decisions. I understand and have read the prospectus of the inverse and leveraged funds that I invest in. I
I am an active individual investor, investing my funds in both IRAs and taxable accounts with Charles Schwab brokerage. I use 2X and 3X leveraged ETFs with some frequency to increase the return in both types of accounts. Less frequently, but periodically, I use an inverse fund to effectively short the market when it is in a downdraft phase. I use SH and DUST. Both leveraged and inverse ETFs are
I think I have the ability to select the assets I invest in. I have an MBA in finance which I think gives me the ability to select the investments I make. However, I think public investments should not be limited to which member of the public invests in them. While I have passed several Finra exams, I don't think every member of the public should be required to before investing in leveraged
I not regulators should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds
NASD is filing with the Securities and Exchange Commission (''SEC'' or ''Commission'') a proposed rule change to extend the hours of operation of (1) the Trade Reporting Facility established by NASD and the Nasdaq Stock Market, Inc. (the ''NASD/Nasdaq TRF''); (2) the trade reporting of non-Nasdaq exchange-listed securities under the Rule
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: JULY 22, 1987.
EXECUTIVE SUMMARY
The NASD requests comments on a proposed amendment to Article III, Section 35(d)(2)(D) relating to testimonials used in members' communications with the public. The amendment would conform the NASD rule to that of the New York Stock Exchange.
The text of the proposed amendment is
SUGGESTED ROUTING*
Senior ManagementCorporate FinanceLegal & Compliance
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
NASD members are advised that their participation in certain transactions with blind-pool companies may be inconsistent with the provisions of Schedule E to the NASD By-Laws. The merger or acquisition of an NASD
To Whom it May Concern, In a fair and open market there should be transparency and a level playing field for all investors. Right now, there is a massive deficit in access to information, trade speed, preferential terms and types of trades, and pay-to-play investing that heavily favors institutional investors over retail investors. Additionally, institutional investors engage in relationship-
