Effective Monday, December 5, 2022, ORF will begin supporting timestamps up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA’s equity trade reporting rules. Please refer to FINRA Regulatory Notice 20-41 for additional information on firms’ reporting obligations under these amendments. ORF will support timestamps of up to nanosecond granularity on all inbound
I hope this letter finds you well! Thank you for taking the time to consider retail investor's side of the disturbing issue that has recently been brought to my attention.
Securities such as SQQQ and TQQQ among many other leveraged and inverse funds should not be restricted from trading or limited to only a select group of traders. The financial system is already leveraged in favor of
I oppose any restriction on individual investors use of inverse or leveraged ETFs. I personally have used inverse and leveraged ETFs to protect myself during periods of market volatility as a means to limit my downside risk while keeping invested in the market. I except to lose a certain amount of money on these instruments in many instances but accept that cost because of the downsides of
The Best Execution, Outside Business Activities and Private Securities Transactions, Private Placements, and Reg BI and Form CRS sections of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
As an EDUCATED retail investor, I feel the current systems in place are a bit TOO RELAXED for retail investors/traders to access complex products. But an outright ban is also very, VERY WRONG. We may need to raise the barriers somewhat by requiring education AND a simplified form of registration (certifying they understand the risks and perhaps a small registration fee to make the point stick)
I have been using inverse/leveraged funds for over 7 years now. When I started I was new to trading. I did all the research on the funds as that was my responsibility as a trader. The brokers I use all explained in great detail the risks of trading these types of funds.
Everyone should have the right to trade these types of investments. It should not be based on how much wealth you have.
FINRA shares an annual snapshot of some of the data collected in the course of its work to increase public awareness and understanding about the broad range of FINRA-registered firms and individuals.
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The FINRA Industry Snapshot provides a high-level overview of the industry, ranging from the number of FINRA-registered individuals to the
The Outside Business Activities and Private Securities Transactions topic of the 2025 FINRA Annual Regulatory Oversight Report (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations, (2) findings and effective practices, and (3) additional resources.
Summary
FINRA is publishing this Notice to assist firms with making accurate submissions in connection with requests for Federal Reserve Board Regulation T, SEA Rule 15c3-3 and FINRA Rule 4210 extensions of time around holidays when exchanges or banks are closed. The schedule included in this Notice specifies the due dates for filing requests of extensions of time prior to and after a holiday
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Continuing Education — In-Firm Delivery Of The Regulatory Element
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Continuing Education
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NASD Membership and Registration Rule 1120
