Proposed Rule Change Relating to Exemptions from the Trading Activity Fee
I should have the right to and freedom to invest in any funds. I'm an adult that can choose my own risks and rewards and shouldn't be limited to such. I find this proposed rule a corrupt fraudulent act.
Rule #22-08 is a violation and restriction to OUR FREEDOM! No special tests are required! We are free adults, and must be treated as such! And WHY are "Unelected Bureaucrats" writing and passing laws limiting our RIGHTS?
GUIDANCEShort SalesSUGGESTED ROUTINGKEY TOPICSInternal AuditLegal & ComplianceOperationsSenior ManagementTradingAffirmative DeterminationRule 3370(b)(2)(B)Rule 3370(b)(5)(B)Short SalesExecutive SummaryThere has been discussion in the financial press about the listing of securities on foreign markets without a company's knowledge or authorization. Some reports have suggested that the
Naked shorting is illegal. HAH. If only these rules were enforced. If only infinite loopholes didn't exist.
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceTrading*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD recently completed a study of secondary market trading in direct participation program (DPP) securities. As a result, this notice is being issued to emphasize the applicability and relevance of certain NASD rules
IMPORTANT MAIL VOTE
OFFICERS, PARTNERS AND PROPRIETORS
TO: All NASD Members
LAST VOTING DATE IS SEPTEMBER 2, 1986.
Enclosed is a proposed new rule (attached as Exhibit I) that will amend Article III, Section 26 of the NASD Rules of Fair Practice by the addition of new subsection (m). Proposed new subsection (m) was approved by the NASD Board of Governors and now requires membership approval. If
(a) General Considerations
(1) Application
This Rule applies to recommended purchases and exchanges of deferred variable annuities and recommended initial subaccount allocations. This Rule does not apply to reallocations among subaccounts made or to funds paid after the initial purchase or exchange of a deferred variable annuity. This Rule also does not apply to deferred variable
Transparency, Equality, Fairness, Expediency, and RULE enforcement All of these qualities MUST exist in a FAIR and OPEN marketplace.
I only have 1 comment. The SEC looks like a joke around the world. The rules are clearly not being applied.
