Effective September 22, 2008, FINRA will begin deducting all delinquent arbitration and mediation fees owed by member firms from their Central Registration Depository accounts.
This rule is obviously meant to hurt the little guy. If this passes, your corrupt intentions will be obvious to all. Sad!!
(a) Except as otherwise provided in this Rule, each member shall once every calendar year provide in writing (which may be electronic) to each customer the following items of information:
(1) FINRA BrokerCheck Hotline Number;
(2) FINRA Web site address; and
(3) A statement as to the availability to the customer of an investor brochure that includes information
(a) Service on Each Party
Except as provided below, a complaint shall be served on each Party by the Department of Enforcement. When counsel for a Party or other person authorized to represent others under Rule 9141 agrees to accept service of the complaint, then the Department of Enforcement may serve the complaint on counsel for a Party or other person authorized to represent others
Proposed Rule Change Relating to the Trading Activity Fee Rate for Transactions in Asset-Backed Securities
This rule is absolutely horrible and continues to kneecap the small investor, and rig the market in favor of the wealthy. This must not pass.
WASHINGTON— FINRA announced today that after nine years in the Department of Enforcement, Christopher Kelly plans to leave FINRA on Nov. 1 to pursue other opportunities. In his most recent role of Senior Vice President and Deputy Head of Enforcement, Kelly oversaw the work of FINRA’s Enforcement attorneys throughout the country as well as Enforcement’s Litigation Group.
“Chris’s contributions to
All investment are inherently risky. Disclosure needed not restriction. Rules proposed discriminate disproportionately public investors.
This is another attempt to keep the rich getting richer and to hold everyone else down. These rules are elitest and amoral.
I can take care of all investments without more onerous rules from the gov't. thank you.
