INFORMATIONAL
Municipal Securities Transaction Reporting
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
Customer Transactions
Inter-dealer Transactions
MSRB Rules G-12 And G-14
Executive Summary
NASD Regulation, Inc. (NASD RegulationSM) reminds member firms about the obligations imposed by Municipal Securities Rulemaking Board (
I personally believe that short interest data should be available live without any delays (i.e. T+2 settlement) and that ALL short interest data must be reported across the board. Additionally I believe that fines for illicit practices should be equal to no less than the profit of the particular trade PLUS an additional 10% in order to discourage the practice from happening again.
It is my opinion the markets should be as transparent and fair across all avenues. The lack of transparency and information tilts the scale away from the retail investor and in turn causes distrust towards further involvement. Short information should be required to be disclosed to accurately guage the status and balance of a trade, and to rule out any potential foul play or bad actors.
I would love it if all of these changes were implemented so the retail investor can compete on a more level playing field. I would also prefer adjustments that would prohibit trading in the dark pool from affecting the price on the open market. Artificially suppressing or increasing the price of a stock through a market that is unavailable to the retail trader is fundamentally unfair and should
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to provide members with additional time to migrate their trade reporting processes to connect to TRACE through a permissible means other than Computer-to-Computer Interface (“CTCI”).
Investors of Color are Entering the Market at a Faster Pace than White Investors and Tend to Be Much Younger, Report Shows
SUGGESTED ROUTING
Senior Management
Corporate Finance
Institutional
Legal & Compliance
Operations
Systems
Trading
Executive Summary
The National Association of Securities Dealers, Inc. (NASD®) is reminding member firms that, effective October 1, 1997, the Securities and Exchange Commission (SEC) Transaction Fees for transactions in exchange-
TO: All NASD Members And Interested Persons
The Association has adopted amendments to its Interpretation on Free-Riding Withholding in order to clarify the application of the Interpretation to offerings in which there is a delay between the commencement of the offering and the beginning of a secondary market. These amendments have been approved by the Securities and Exchange Commission on a
SEC Approves Amendments to Require Firms to Report Transactions in TRACE-Eligible Securities As Soon As Practicable
TO: All NASD Members and NASDAQ Subscribers
We are pleased to announce that the NASD is now offering a new NASDAQ data service. Subscribers to this service may receive copies of the Monthly Statistical Report (MSR) for all or a select group of NASDAQ issues on either an annual subscription or single-month order basis. Each MSR includes daily, weekly and monthly price, volume and market maker
