Short selling and rehypothecation has been used to the detriment of retail investors and is threatening to destroy the entire market structure if left unchecked. Stricter reporting of positions, including naked shorts should be happening already. Brokerage firms, market makers, and other financial institutions were never meant to have as much control over the financial markets as they currently
SUGGESTED ROUTING*
Internal AuditLegal & ComplianceTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Department of the Treasury recently established a toll-free number, 800-BSA-CTRS, as a hotline for reporting suspicious currency transactions. Broker-dealers can use the hotline to refer information on transactions that
I think retail is extremely desirous of seeing more frequent reporting and as much of that made publicly available as possible. At least of a weekly or bi-weekly basis. I believe the currently attempted short squeeze is bring to light that lack of transparency is being used to commit fraud and establish predatory roles against companies. The conduct of these financial professionals qualifies as
SUGGESTED ROUTING
Legal & ComplianceOperationsSystems Trading
As of October 27, 1994, the following 45 issues joined the Nasdaq National Market, bringing the total number of issues to 3,732:
Symbol
Company
Entry Date
SOES Execution Level
MTLG
Metrologic Instruments, Inc.
9/29/94
500
ALRM
Protection One, Inc.
9/29/94
1000
GCHI
Giant Cement Holding, Inc.
9/30/94
Your financial firm may request that you give them the name and contact information of a “trusted contact.” While it’s not mandatory that you do so, FINRA, the North American Securities Administrators Association (NASAA) and staff from the SEC Office of Investor Education and Advocacy urge you to consider providing the name of someone you trust as a contact on your accounts.
What
Robert A. Renner is Senior Vice President, Enterprise & Financial Solutions. In this capacity, he is responsible for overall direction and oversight of FINRA’s accounting operations functions, including Revenue Management, Corporate Tax, Procurement and Payroll, as well as Corporate Real Estate, Physical Security and Information Operations, encompassing fingerprinting, entitlement and
To FINRA administration: I OPPOSE the FINRA Regulatory Notice #22-08, which would limit my right to invest in inverse and leveraged funds which would threaten my financial objectives as an investor. I have been trading securities and funds in my personal and retirement accounts for over 30 years and should be able to choose the vehicles which I feel are appropriate for my portfolio and am aware
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I, not regulators, should get to choose the public investments that are right for my investment strategies. Public investments should be available to all, not the select privileged. I oppose requirements of regulator-imposed tests, sharing private financial information, obtaining special permission, and any and all other restrictions on leveraged/
I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. I, not regulators, should get to choose the public investments that are right for my investment strategies. Public investments should be available to all, not the select privileged. I oppose requirements of regulator-imposed tests, sharing private financial information, obtaining special permission, and any and all other restrictions on leveraged/
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 3240 (Borrowing From or Lending to Customers).
