WASHINGTON— FINRA and NFA recently held a special summit focused on crypto assets and agreed to expand their Memorandum of Understanding (MOU) to address crypto activities that fall within their respective regulatory mandates.
This Interpretive Material sets forth a membership waive-in process for certain New York Stock Exchange ("NYSE") member organizations to become members of FINRA as part of the consolidation of the member firm regulatory functions of NASD and NYSE Regulation, Inc. ("NYSE Regulation"). It applies to firms that, as of July 25, 2007, (1) are approved NYSE member organizations or (
(a) General Requirements
Any registered security to be a good delivery must be accompanied by an assignment and a power of substitution (when such power of substitution is required under paragraph (g) of this Rule) conforming to the requirements set forth in Rule 11550 to 11574, inclusive. Any expense incurred through failure of a seller to meet these requirements shall be paid by the
Firms applying for FINRA membership, with the exception of sole proprietorships, must have at least two registered principals and one Financial and Operations Principal (FinOp), according to FINRA Rule 1010 Series. Applicant firms, however, may request a waiver or exemption from the two principal requirement in accordance with FINRA Rule 9610 if the firm will be conducting a very limited scope of
IMPORTANT
PLEASE DIRECT THIS NOTICE TO ALL FINANCIAL AND OPERATIONAL OFFICERS AND PARTNERS
TO: All NASD Members and Other Interested Persons
In NASD Notice to Members 81-12, the Association advised the membership of the SEC's Division of Market Regulation interpretation concerning the treatment of concessions receivable and related commissions payable under the Uniform Net Capital Rule (SEC
Current rules/regulations that are in place to monitor/report short selling and positions associated with short selling are entirely inadequate. Rules in place that allow for many loop-holes including short exempt, married calls/puts and dark pool activity + high frequency trading leaves currently regulations looking like swiss-cheese. Abuse from market makers and hedgefunds that are paid in gold
Short selling has not gone beyond simply providing for market liquidity and has become a method to destroy shareholder value. New rules (or better enforcement) need to take place to prevent this from continuing. Start by forcing all brokers to default their clients' positions to "not lend." This will restrict the available shares. Additionally, mandate that all short positions
2009 Holiday Trade Date, Settlement Date and Margin Extensions Schedule
Remarks by Chairman and CEO Rick Ketchum at the IRI Government, Legal and Regulatory Conference
Zero transparency. Inaccurately reporting from short. Naked shorts and complacent rule makers. Unfair dark pool usage. Abusive shorting and dark pool manipulation. Naked calls and married puts. HIDING FTDs in ITM options. Labelling shorts as long. Distraction plays and spoofing/layering by ALL hedgefunds, money makers. Algorthmic and high frequency trading. The short interest is self reported and
