FINRA Requests Comment on a Proposal to Publish OTC Equity Volume Executed Outside Alternative Trading Systems
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to Rules 2520 and 2522 that will revise the margin requirements to: (1) expand the types of short options positions that would be considered "covered" in a cash account, specifically, certain short positions that are components of limited risk spread strategies, provided
By implementing rules that are so easily maneuvered you’re at best turning a blind eye to naked shorting (fraud) and at worst facilitating fraud and the demise of the trust in American Institutions.
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., is filing with the SEC a proposed rule change to amend NASD Rule 2520 to impose overall more stringent margin requirements for day-trading customers. The proposed rule change would:
Revise the definition of "pattern day trader" to include any customer who (a) the firm knows or has a reasonable basis to believe will
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., is filing with the SEC a proposed rule change to amend NASD Rules 10335 and 10205 of the NASD's Code of Arbitration Procedure to simplify and expedite the procedures for seeking immediate injunctive relief in intra-industry disputes and to fairly and effectively integrate court-ordered initial injunctive relief with the
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., is filing with the SEC a Notice to Members reminding members of their obligation under just and equitable principles of trade and advertising rules to disclose to customers the material risks of extended hours trading.
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., is filing with the SEC a proposed rule change that includes: (1) clarifying the Department of Market Regulation's role in disciplinary proceedings; (2) requiring members to designate, as the custodian of the record on the Form BDW, persons who are associated with the firm at the time the forms are filed; (3) clarifying the
Enhanced reporting on short sales in a timely manner is long overdue. These new rules can and will create a healthier market, far from perfect, but better than yesterday.
FINRA’s Maintaining Qualifications Program (MQP) is currently open for eligible individuals during a second enrollment period, until December 31, 2023.
The second enrollment period is available to those who terminated their registration between March 15, 2020, and March 14, 2022.
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MAIL VOTE
EXECUTIVE SUMMARY
Members are invited to vote on a proposed amendment to Article V, Section 1 of the NASD Rules of Fair Practice. The amendment would exclude from the rule the requirement that
