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EXECUTIVE SUMMARY
The NASD requests comments on proposed amendments to Schedule C to the NASD By-Laws that would permit Direct Participation Programs Representatives and Principals to sell partnership debt. The text of the amendments
The new regulations are not doing anything to prevent the abuse of market manipulation. Why do you guys have Market Makers and Hedgefunds as the same entity? This only creates conflict of interest. Also, dark pool trading should be eliminated completely due to lack of transparency.
It is strange that there is always 'new' regulations but how about ENFORCING the current regulations? Citadel, for one, keeps shorting stock with phantom shares. SEC has been informed but just like Bernie Madoff they ignore all information. The stock market is a joke and is NOT a free market. It will be sad when retail folk start pulling their money out of the market!
These changes will be greatly appreciated. It is more than unfortunate knowing there have been companies which went out of business due to coordinated over shorting of their stocks. The enrichment of a few companies, much less individuals, at the expense of thousands of jobs and millions of retirements is abhorrent. I hope we see more changes to stabilize and unobfuscate the markets moving
The purpose of this Notice is to advise FINRA member firms that FINRA is temporarily increasing the maintenance margin requirements for auction rate securities pursuant to NYSE Rule 431(f)(8)(A) and NASD Rule 2520(f)(8)(A).
Prior to retirement I was in the securities industry for over 40 years, a substantial period was spent as a partner of a major securities firm as VP in charge of derivatives. I dealt with people and firms with an interest and need to hedge their risk - my own portfolio is hedged appropriately with the instruments you mention. The proposals that you consider are needless and counter productive.
Hello,
I wanted to write to tell you that I strongly oppose any measure to control investments in leveraged and inverse funds. I don't want the government telling me what I can and cannot invest in. This is overreach at its worst. Trust that the individual has his own best interests at heart when he invests in these tools.
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated publicly with FINRA daily. Shares should not be allowed to be purchased on a dark pool and then sold on the open exchange.
The only way to have a trust worthy financial market is through transparency and having a better understanding of what short positions exist and the data involved with them only seems the logical answer. Currently it’s a portion of the market that seems shrouded in mystery. That doesn’t make me want to invest; if anything it has made me shy away.
I would like to see Finra do a daily count of all short positions in the markets by having all Industry Members report to Finra directly, specifically Dark Pool data. As retail traders as a collective have now become ever increasingly aware of the Synthetic shares which are traded in the dark pools to manipulate the price of a stock.
