SUGGESTED ROUTING:*
Senior ManagementLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD, on the recommendation of its Legal Advisory Board (LAB), has undertaken a reorganization of the NASD Manual in order to make the Manual easier to use. As a first step in the Manual revision project, the LAB proposed an
There needs to be hourly reporting of short positions and it must be monitorized. The manipulation of rerouting over 50% of trades daily of AMC through dark pools to benefit Hedge Funds positions is not a free market. I have watched blatant manipulation through AMC and GME. I am a professional business woman who has done lengthy research into FTD’s, Synthetic Shares and how there are possibly 29B
SUGGESTED ROUTING
Senior ManagementLegal & Compliance
Executive Summary
On May 28, 1993, the Securities and Exchange Commission (SEC) approved amendments to Article II, Section 10 of the NASD® Code of Procedure (Code) to provide for a Minor Rule Violations Plan (Plan). The Plan will permit the NASD to dispose of certain minor rule violations expeditiously and to report the
1/ Synthetic short positions should be included in short interest reports. 2/ REGSHO- information of allocations of FTD's should definately be updated. daily report of FTD's should be mandatory.3/Publication of short interest for Exchange listed Equity securities to include both OTC & Exchange should also be implemented. 4/ Rule 4560-Loan obligations regarding short position
(a)(1) In any transaction for or with a customer or a customer of another broker-dealer, a member and persons associated with a member shall use reasonable diligence to ascertain the best market for the subject security and buy or sell in such market so that the resultant price to the customer is as favorable as possible under prevailing market conditions. Among the factors that will be
Hedge funds, corporations, and other institutions have information and resources far beyond what the retail investor can access. Not only are these entities over leveraged compared to retail, some use their advantages to break laws and/or tilt the market in their favor. Incorrect marking of a position as long when their short. Continuous fail to delivers because of naked shorting. Trading in dark
I can’t believe how non transparent Wall Street is. Institutional Investors have it all in their favour. Retail Investors have nothing. It’s a corrupt system. Nothing was learned by 2008. Dark pools should either be visible or outlawed. Synthetic share are a no but so clearly used but nothing is done to regulate. FTD’s are placed on the threshold security list for 13 days but then nothing happens
Short positions should have to be reported immediately upon hitting the threshold list. Which as you know means FTD's are running rampant, they should be forced to cover in entirety to discourage institutions from dragging out their mistakes if they've had enough days consistently to reach the list. This would have saved them billions to date. Also Prime brokers should be required to
I understand that short selling is viewed as important to the health of the stock market; however, when it is used to maliciously attack retail investors, it should in no way be legal. The existence of naked short selling remains a recurrent problem for many stocks, AMC and GME being two of the most notorious. If there is even the possibility of naked shorting, shorting should immediately be
1) What is the single most neglected area in the field of investor education? How might this area be developed? ANSWER: While the barrier of entry to investment markets is lower than ever with online low cost trading platforms, etc. - the technical knowledge required to make informed corporate investment decisions, creates a huge barrier to the average investor. A single most neglected area is
