The Manipulative Trading section of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
ENFORCE YOUR RULES. These rules don't mean anything if they're not enforced. And I'm not talking about giving Robinhood a 70m lawsuit, that's just the cost of doing business. The penalties need to be crippling to ensure that the rules are followed. Reduce the reporting period to daily. We live in the digital age, there is absolutely NO reason that this information isn't
Must enforce the rules first and foremost. 2nd borrowing of shares once off each share. 3rd Some type of proof the short was covered or the ftd was paid. None of this go short then cover long? 4th if naked shorting is illegal have a system that keeps track of the shares not allowing a float to be bought and sold several times over. 5th enforcing rule it is illegal to loan out shares on cash
FINRA Announces Modifications Regarding Historic TRACE Data
TO: All NASD Members and Other Interested Persons
On December 19, 1985, the Securities and Exchange Commission approved a new Article III, Section 41 of the NASD Rules of Fair Practice (SEC Release No. 34-22731). The rule establishes a new requirement for members to maintain a record of their total "short" positions in NASDAQ securities in all customer and proprietary firm accounts and
Enhancement to current rules
<p>An individual who processes transactions by communicating orders to the member’s clearing firm, which then calls or electronically communicates with the contra-side of the transaction, is not involved in the execution of transactions for purposes of Rule 1032(f) and thus is not required to be Series 55 registered.</p>
Stop this potential ruling!
I oppose the proposed rule
