SEC Approves Rule Amendment Requiring That ADF Market Participant Provide Advance Written Notice When Denying Access; Effective Date: October 20, 2004
Executive Summary
In conjunction with the amendments to Regulation T (Reg. T) which are described in Notice to Members 96-37, the Board of Governors of the Federal Reserve System (Fed) is also requesting comments on proposed changes to Regulations G, T, and U. Reg. T covers extensions of credit by and to broker/dealers; Reg. U covers extensions of credit by banks; and Reg. G covers extensions of
FINRA is conducting a review of firm practices related to the acquisition of customers through social media channels and how firms manage their obligations related to information collected from those customers and other individuals that may provide data to firms. Please note that each item requested is specific to the subsection header.
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: DECEMBER 24, 1987.
EXECUTIVE SUMMARY
The NASD requests comments on a proposed new By-Law that would permit the NASD to require trade comparison reporting by members conducting' an inter-dealer OTC securities business, as intended when the Trade Acceptance and Reconciliation Service (TARS) began development in 1981.
The
(a) A FINRA member operating in or participating in any FINRA system or facility shall provide information orally, in writing, or electronically (if such information is, or is required to be, maintained in electronic form) to the staff of FINRA when FINRA staff makes an oral, written or electronically communicated request for information relating to a specific FINRA rule, SEC rule, or
I-BANKERS SECURITIES, INC.1200 N FEDERAL HWY, SUITE 215, BOCA RATON, FL 33432I5EQUITY1700 MONTGOMERY STREET, SUITE 108, SAN FRANCISCO, CA 94111Mailing Address: 1700 MONTGOMERY ST, SUITE 108, SAN FRANCISCO, CA 94111IA GLOBAL CAPITAL LLC101 PARK AVENUE, 38TH FLOOR, NEW YORK CITY, NY 10178Mailing Address: 244 MADISON AVENUE, #385, NEW YORK CITY, NY 10016IAFF-FC INVESTMENTS LLC1750 NEW YORK AVENUE NW
As a retail investor the main comment I have about our regulatory system relative to the markets is the penalties need to fit the crime. As it stands our penalties are nothing more than a small cost of business, and profits made far exceed the fines. How do you expect to deter illegal behavior if the penalty for committing it is less than a poke in the chest?? Increase the fines to double or even
There is no reason all data from the stock market including short data isn’t transmitted in real time. This isn’t the 1920’s and also “family office” is a sham. It was created in the early 20th century and the rules governing them have never been updated. They should report like everyone else or be used as shells for market makers to hide short positions. Options should never be allowed to
Short positions should be force closed on failure to deliver. The ability to cover a failed delivery with options or collateral does not excuse that an investor is actually stolen from with a failure to deliver. Also of concern, the "can kicking" through synthetic share production by means of options contracts. No one should be allowed to have 400 million put contracts on the books. Is
REQUEST FOR COMMENT
NASD Seeks Comment on Enhanced Access to NASD BrokerCheck (Formerly Known as NASD's Public Disclosure Program)
Comment Period Expires: January 9, 2004
SUGGESTED ROUTING
KEY TOPICS
Executive Representatives
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Central Registration Depository
