Summary
In February 2012, pursuant to an SEC order, FINRA established an accounting support fee (GASB Accounting Support Fee) to adequately fund the annual budget of the Governmental Accounting Standards Board (GASB). The GASB Accounting Support Fee is collected on a quarterly basis from member firms that report trades to the Municipal Securities Rulemaking Board (MSRB). Each member firm’s
The only way to have a trust worthy financial market is through transparency and having a better understanding of what short positions exist and the data involved with them only seems the logical answer. Currently it’s a portion of the market that seems shrouded in mystery. That doesn’t make me want to invest; if anything it has made me shy away.
How about you just make this a simple thing... Instead of financial institutions SELF-REPORTING their short positions, why not actually have a regulatory body go directly into their books, so they can properly extrapolate the information. This way you can monitor things like married puts/calls that create synthetic shorts, and be on top of them on a daily basis.
Data transparency is the hallmark of reliability, responsibility, and accountability. As such, all information about short sale positions, short interest, etc. should be publicly and freely available in real time immediately. Failing that, as soon as possible - which, given the electronic nature of these transactions, ought to be virtually immediately. Anything less increases corruption,
The PDT Rule is not a protection. It's a way to keep the "little guys" from making any real money. The market is not a free market if someone can't trade because of their financial situation. We're the only country in the world with this bull [redacted] "protection".
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend its time to announce the implementation schedule for FINRA’s corporate bond new issue reference data service.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend, to January 26, 2022, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) pursuant to SR-FINRA-2015-036, other than the amendments pursuant to SR-FINRA-2015-036 that were implemented on December 15,
Supplementary Material .15 is effective from Apr 24, 2014 through Dec. 1 2015.
(a) Supervisory System
Each member shall establish and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. Final responsibility for proper supervision shall rest with
prison time for failure to delivers, ACTUAL penalties for naked short selling. Average American citizen fails to pay two credit card bills and goes to collection... repossession large market makers can just take the fine and continue not fulfilling their contracts to their customers. STOP MAKING FINES A COST OF BUSINESS AND ACT NOW TO STOP FINANCIAL TERRORISM
Summary
In response to the coronavirus (COVID-19) pandemic, member firms have made rapid and unprecedented changes to their business operations in order to prioritize the health and safety of firm personnel and investors, while maintaining the public’s access to capital markets. These changes include widespread use of remote offices and alternative work arrangements and new and expanded methods
