FINRA announced today the results of its election of two Governors to its Board of Governors. The announcement came after the Annual Meeting of FINRA firms, where Scott A. Curtis, president of Raymond James’s Private Client Group, was elected as a Large-Firm Governor, and Wendy Lanton, Chief Compliance Officer and Founding Principal of Herald & Lantern Investments, Inc., was re-elected as a Small-Firm Governor.
Hi FINRA,
You should not determine if an individual can or cannot invest in one of these funds. It should be left up to the individual to perform the due diligence when choosing investments. Taking the route of offering financial investment education in our public school system would be more of a solution. Treat the problem not the symptom.
Hi Finra,
I am concerned that the regulators would curtail the publics ability to protect the downside or enhance the upside of market movements for some investors but allow those same products for others. That is a two-tiered system and runs counter to the free and open market that is essential to allowing all investors to invest on an even playing field.
The Municipal Continuing Disclosure Report displays statistics about transactions that your firm effected with customers. The report provides relevant information about the availability of official statements, annual financial filings, and event filings on the MSRB's Electronic Municipal Market Access system (EMMA) at the time the securities were sold or purchased. Specifically, the report
It is concerning that more and more opportunities for folks to invest and further their potential to build wealth are being shut down. If something is "too complex," then there should be more education to help people to better their lot, not just allow a select few to be able to take advantage of rigged systems to make money hand over fist.
It is myright and the right of All Americans to pursue good investments It is part of the pursuit of HAPPIENESS AS IN THE CONSTITUTION. The Government has no right to
limit or make into law the GOVERNESS OF FREE ENTERPRISE SYSTEM. IT IS BY IT'S OWN NATURE SELF GOVERNING. IT IS OUR RIGHT TO INVEST AS WE SEE FIT. KEEP THE GOVERNMENT OUT OF FREE ENTERPRISE.
Exemptive relief is denied based on: the Firm’s repeated failure to detect Officer A’s contributions in excess of $250; the Firm had actual knowledge of all three of Officer A’s contributions and that the Firm violated the municipal securities ban on two separate ocassions; and the firm failed to discover its own rule violations prior to NASD’s intervention.
Summary
The COVID-19 pandemic is affecting most aspects of our society and daily lives, as well as the U.S. economy and markets. Events with such profound impact routinely create opportunities for financial fraud.
Firms and their associated persons should be aware of and take appropriate measures to address the increased risks and challenges presented during the COVID-19 pandemic. In addition
I M P O R T A N T
OFFICERS, PARTNERS AND PROPRIETORS
TO: All NASD Members and Other Interested Persons
Although it appears at this writing that the provisions under TEFRA with respect to withholding on dividends and interest will be repealed, members should be aware that other provisions of the Act - primarily the expanded reporting requirements - are still effective for transactions occurring
SEC Approves Amendments to Establish Regulation NMS-Principled Rules in Market for OTC Equity Securities
