I strongly disagree with the notion that more "guardrails" are needed for retail investors dealing in so-called "complex products." While some products are truly complex and require an investment of time for an investor to fully understand their risks and rewards, other products you name--particularly options--are not truly complex or difficult to understand with a modicum of
Please stop doing this. You are infantalizing us with these rules, and only making it harder for the average person to participate in the market. The SEC only diminishes their credibility by pursuing arbitrary regulations on individual investors while shrugging their shoulders at the systemic risk posed by market makers.
The current policy and way of doing things is fine enough in my opinion, so a change would do little to benefit the current system. There seems to be very few reasons for such a drastic change, and I think it would be in the publics best interest to reject and decline such an advancement.
I am a retail investor. I believe OTC options trades are a great systemic risk as they are not properly regulated. As FINRA is an SRO I believe it should be required that all OTC options chains be publicly disseminated in order for regulatory integrity and public trust to be maintained. In order to maintain competitiveness and not price smaller firms out of the market, FINRA should create a
(a) When and How Transactions are ReportedEach member that is a Party to a Transaction in a TRACE-Eligible Security must report the transaction. A member must report a transaction in a TRACE-Eligible Security as soon as practicable, but no later than within one minute of the Time of Execution, except as otherwise specifically provided below. Transactions not reported within the specified
I don't believe FINRA even has the capabilities to create a fair and free market as what we have is the literal opposite. If you do, no one has seen it. Synthetic shares are created by the millions with no regulation or repercussion. Shares are traded in dark pools by market makers, then shorted in lit pools to crippled and drive down the price of stocks for market makers and institutions
By end of business on Monday, August 19, 2019, FINRA will convert the 2014 (Q2) through 2018 (Q1) ATS Transparency Data quarterly tables to the .xlsx format in Excel. Quarterly files from Q2 2018 onward are already posted in the .xlsx format.
If you have any questions, please contact FINRA Business Services.
Keep it up, implement, even add more/stricter. Our finical system needs more transparency or (i fear) it wont survive the coming decade as the populous become increasingly aware of all the loopholes the 0.01%, funds, and corporations thrive on.
SUGGESTED ROUTING
Internal AuditOperationsSystemsTrading
Executive Summary
As of December 21, 1992, the following 47 issues joined the Nasdaq National Market,® bringing the total number of issues to 2,977:
Symbol
Company
Date
SOES Execution Level
AMEP
American Educational Products Inc.
11/23/92
1000
CRTQZ
Cortech Inc.
11/24/92
1000
FORBP
Fortune Bancorp, Inc. Ser
When will naked short selling and using dark pools to manipulate stock prices outlawed? The people doing this are committing treason. The current system is unfair and everyone is turning a blind eye to it. The American people are your employers.
