TO: All NASD Members, NASDAQ Companies and Other Interested Persons
LAST DATE FOR COMMENT: AUGUST 30, 1985.
The National Association of Securities Dealers, Inc., is requesting comment from NASD members, NASDAQ issuers and other interested persons on certain concepts related to voting rights of the shareholders of companies whose securities are included in the NASDAQ National Market System (
I highly disagree with the proposed restrictions regarding "complex" products, which isn't well-defined in the notice write-up. Not only would creating additional barriers and limiting opportunity to retail would have broader implications and negative outcomes for capital markets overall, but it removes the necessary risk management tools in an increasingly complex and evolving
Proposed Rule Change to Amend FINRA's Customer and Industry Codes Of Arbitration Procedure Relating to Subpoenas and to Arbitrator Authority to Direct Appearances of Associated Person Witnesses and Production Of Documents Without Subpoenas
Good Evening, I support these changes. I’ve have experienced the consequences of not having these rules in place and had lost a lot of confidence in investing in the financial system. Not having these changes in place also make me worry about a complete collapse of the financial system. These proposed changes have restored a lot of my confidence. Please implement these changes as soon as possible
ACTION REQUESTED
Rule Modernization Project
Response Period Expires on: March 1, 2002
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With the advancements of the blockchain technology, public traded companies should have EACH and every share accounted for. They should be treated as unique financial instruments and should not be abused by being cloned, synthetically recreated, rehypothicated, naked shorted either alone or any combination of these. This should at the very least be considered fraud, at most financial terrorism in
FINRA Provides Guidance on Customer Communications Related to Departing Registered Representatives
Member firms should be aware of an ongoing phishing campaign involving fraudulent emails targeting executives and purporting to be from FINRA employees, with the goal of harvesting credentials. As indicated by the full, expanded email address hidden under a masked email display name, these emails are not from FINRA, and firms should delete them and consider blocking the fraudulent domains.
Retail investors do not typically have much to say during these critical junctures in financial history, but given the recent tumultuous events of the last year, and the potential systematic failures that can be eliminated by 21-19, I felt the need to lend my voice to the effort. Regardless of the viability of short selling as a legitimate investment strategy, the inefficacies introduced by short
Limiting the use of of leveraged, inverted or other funds deemed "complicated" is a gross disservice to the retail investor.
People should be allowed to invest their money however they see fit, and by taking these products off the market, you could actually cause more financial harm than you think you are preventing.
Imagine a scenario where someone is invested in a
