January 2024BackgroundIn November 2022, FINRA launched a targeted exam to review the practices of certain member firms that actively communicate with retail customers concerning crypto assets and crypto asset-related services (Crypto Assets).1 FINRA reviewed retail communications received from these firms for compliance with FINRA Rule 2210 (Communications with the Public) which
It can be difficult to recover assets lost to fraud or other scenarios in which an investor has experienced a problem with an investment. But there are legitimate ways to attempt recovery. In most cases you can do so on your own—at little or no cost.
2016 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
Outside Business Activities and Private Securities Transactions
Books and Records
Regulatory Events Reporting
Firm Short Positions and Fails-to-Receive in Municipal Securities
Trusted Contact Persons
Funding Portals and Crowdfunding Offerings
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Manipulative Trading
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Firm Operations
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Outside Business Activities and Private Securities Transactions
1)Retails investors buy orders should not be going to dark pools if we cannot trade there. 2) 100% Accurate reports on short interest. 3) Have proof that FTD’s were actually bought. 5)Have frequent checks on shares outstanding and if number is over the shares outstanding have short sellers or any participant who responsible for the FTD/Naked shorts has to purchase shares immediately. 4)Hedge
FINRA Requests Comment on Proposed Limited Safe Harbor From FINRA Equity and Debt Research Rules for Desk Commentary
Naked short selling was made illegal, yet the hedge funds still conduct in this activity almost daily. Harsher penalties need to be dealt by regulatory agencies to ensure it stops and not just by dealing out small fines that are pennies on the dollar compared to what the hedge funds stand to make. Mandatory and constant audits need to happen by regulatory agencies to ensure shorts and FTDs are
GUIDANCE
"New Issue" Rule
Effective Date: November 2, 2005
SUGGESTED ROUTING
KEY TOPICS
Corporate Financing
Executive Representatives
Institutional
Legal & Compliance
Operations
Senior Management
Syndicate
Trading & Market Making
Training
Business Development Company
Direct Participation Program
Foreign Investment Company
IPO Distribution Manager
IPOs
New Issue
Summary
In February 2012, pursuant to an SEC order, FINRA established an accounting support fee (GASB Accounting Support Fee) to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB). The GASB Accounting Support Fee is collected on a quarterly basis from member firms that report trades to the Municipal Securities Rulemaking Board (MSRB). Each member firm’s
You should only be able to short positions you own. Dark pools should be off limits and to curb that, I believe DTCC 005 now requires, or will require, to mark/stamp each shorted stock as to prevent them from being naked shorted. We need to punish the market manipulators who are naked shorting shares they don't own (Naked shorting). Without oversight, this market manipulation will continue
