Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend the Code of Arbitration Procedure for Customer Disputes (“Customer Code”) and the Code of Arbitration Procedure for Industry Disputes (“Industry Code”) (together, “Codes”) to modify the current process relating to the expungement of
Naked Shorting and Dark Pool access across the market have gutted the “fair trading market”. Judicial Action and Margin Calls are requested to commence immediately to concurrently and preemptively filter the malicious acts of hedge funds in the United States and it’s chains/conglomerates internationally. Establishing recently passed DTCC and SEC rules must be applied to all active applications
This proposed rule is yet another misguided attempt to "protect" retail investors, while all it would do is limit retail investors options and increase the public's distrust towards institutional investors. While leveraged funds do experience greater volatility (and in turn risk), they are relatively easy to understand and give retail investors easier exposure to leverage than
FINRA Requests Comment on Proposed FINRA Rule Regarding Front Running of Block Transactions
Exchange Act Rule 15c2-11 (the “Rule”) governs the publication or submission of quotations by broker-dealers in a quotation medium other than a national securities exchange (i.e., the OTC market). The Rule generally prohibits a broker-dealer from publishing a quotation for any security in a quotation medium unless the broker-dealer has reviewed current and publicly available information about the issuer whose security is the subject of the quotation, and the broker-dealer believes this information is accurate and obtained from a reliable source. Municipal securities and other “exempt securities” (e.g., government securities, Treasury securities) are not subject to the Rule.
Decision IssuanceAfter considering the application, the membership interview, documents provided by the Applicant, other information, the public interest and the protection of investors, FINRA’s Membership Application Program (MAP) will issue a decision as to whether membership will be granted, granted with restrictions, or denied. The decision will be based upon a determination as to whether the
Except as provided in Rule 9280, there shall be no interlocutory review of a ruling or order issued by any Adjudicator in a proceeding governed by the Code. If an Adjudicator grants interlocutory review of a ruling or order, such review shall not stay a proceeding, except under Rule 9280 or as otherwise ordered by the Adjudicator.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008
No person shall participate as an Adjudicator in a matter governed by the Code as to which he or she has a conflict of interest or bias, or circumstances otherwise exist where his or her fairness might reasonably be questioned. In any such case the person shall recuse himself or herself, or shall be disqualified as follows:
(a) FINRA Board
The Chair of the FINRA Board shall have
FINRA Requests Comment on Proposed Amendments to Rule 5210 Regarding Publication of Indications of Interest
GUIDANCEUniform Branch Office DefinitionExtension of Effective Date of NASD Uniform Branch Office Definition and Certain Form BR and Form U4 Filing Requirements from May 1, 2006 to July 3, 2006Joint Interpretive Guidance from NASD and the NYSE Relating to Uniform Branch Office Definition Under NASD Rule 3010(g)(2) and NYSE Rule 342.10Effective Date of Uniform Definition:NASD: July 3, 2006; NYSE:
