Syndicated conservation easements (SCETs), which are a common type of charitable conservation contribution, top the 2021 “Dirty Dozen” list of tax scams published by the Internal Revenue Service (IRS) in July.
Summary
FINRA is issuing this Notice to remind member firms of their obligations during extreme market conditions with respect to handling customer orders, maintaining appropriate margin requirements and effectively managing their liquidity.
Questions concerning the best execution guidance discussed in this Notice should be directed to:
Patrick Geraghty, Vice President,
FINRA’s Examinations team has undertaken changes to create efficiencies before, during and after the exam process to continuously improve the program. On this episode, three senior leaders of the team join us to detail some of the recent changes, including the introduction of thematic reviews, changes to the post-exam closeout process and more.
Background
In March 2017, FINRA issued a Special Notice on its engagement programs as part of FINRA360, its comprehensive review of its operations. In response to the Special Notice, FINRA received a number of comments and suggestions regarding the usefulness of some advisory committees, their membership and their effectiveness as a vehicle for dialogue between FINRA and member firms. After
FINRA Adopts Amendments Relating to the Regulation NMS Plan to Address Extraordinary Market Volatility
Hello - to constrict, restrict or eliminate the free investing of leveraged products is not prudent and in the best interest of the investing public. These products are vital to many investment portfolios. Comparably, these investments are less risky than many complex options strategies, which are not restricted. Please do not limit the general investing public and allow "free markets"
I believe that shares should not by default be authorized unless a customer authorizes it. By default, without permission, all my brokers loaned my shares. I got pennies of interest for an unknown reason until I investigated. Please disallow loaning until consent of the customer who understands what is going on. Thank you.
FINRA Rule 2360(b)(3)(B) provides that “…no member shall effect for any account in which such member has an interest, or for the account of any partner, officer, director or employee thereof, or for the account of any customer, an opening transaction in an option contract of any class of index options dealt in on an exchange if the member has reason to believe that as a result of such transaction
I currently hold a couple leveraged funds and at various times in the past have held inverse funds. I also trade options. I have been trading for nearly 20 years and have a lot of experience. I never get in over my head on high-risk investments. I reserve the right to trade the funds, stocks, bonds and commodities that I deem are in my own best interest.
Interesting fact that I studied for and failed the Series 65 exam twice. I have two BBA's (one in Banking and Finance) and have NEVER failed an exam. Is this test rigged? Why not let folks invest in what they want? It's our money we have earned. Stop manipulating the market opportunities for the rich versus the hard working retail investor. Enough!
