TO: All NASD Members and Other Interested Persons
ATTN: Operations Principal, Cashier, Buy-in Personnel
EXECUTIVE SUMMARY
Last Date for Comments: October 1, 1986.
The NASD Board of Governors is circulating for comment a proposed amendment to the Uniform Practice Code, Section 59, Close-Out Procedure; Buying-in. It would require that buy-ins returned by a clearing corporation to a broker be
FINRA’s Eighth Annual Createathon and internal hackathon premieres October 16-19 at the University of Shady Grove in Rockville. This year’s event is powered by the theme “Level Up,” reflecting the importance of continually expanding our expertise and knowledge.
Effective Date: February 15, 1998
SUGGESTED ROUTING
Senior Management
Advertising
Internal Audit
Legal & Compliance
Mutual Fund
Operations
Training
Executive Summary
On November 4, 1997, in Release No. 34-39294, the Securities and Exchange Commission (SEC or
Here's what we need: FINRA is dedicated to protecting investors and safeguarding market integrity in a manner that facilitates vibrant capital markets. Every investor in America relies on one thing: fair financial markets. To protect investors and ensure the market’s integrity, FINRA is a government-authorized not-for-profit organization that oversees U.S. broker-dealers. We work every day
To whom it may concern: I would like to know if there are plans to repair the fines in regards to short interest reporting, naked shorts and dark pool trading? I think that naked shorts should be fined based on the quantity of fake shares multiplied by the price of the share in question. So for 5 million fake shares at say $25 per share would result in a $125 million fine. This is a fair way,
The use of dark pools as a tool for price suppression is overwhelmingly clear. Market manipulation is actively taking place and the free reign of large organizations to process transactions off-exchange is essentially cheating the system. Additionally, there is basically no real, enforceable regulation on the shorting of stocks. Through aggressive shorting, powerful entities can drive many
Naked short selling and the black market should be illegal. Every share should have a specific number assigned, tracked and allocated for daily. Each share should only be borrowed for a short position one time, using the specific number assigned. Once the borrower share is returned, only then can it be used again. Short positions should never exceed the actual number of shares that exist for any
I feel that the current system of allowing Hedge funds, and wealthy investors to run rampant on Wall Street shorting stocks into oblivion only to slight the retail investor. Overleveraging themselves into positions based on pride and ego and then expecting the American Taxpayer to foot the bill when they go bankrupt and lose people's retirement and 401k is absolutely appalling. Selling
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) approved amendments to the Rules of Practice and Procedures for the Small Order Execution System (SOES) and to Schedule D to the NASD By-Laws, which will become effective June 30, 1988. The new rules significantly alter the obligations of NASDAQ market makers. Major changes
FINRA and ISG Enhance Electronic Blue Sheet Submissions
