Restricting retail investors' access to complex financial products reproduces an elite class of investors who can play by different rules than the average Joe. The proposed regulations seek to means-test and require convoluted checks which inherently restrict access to and mitigate the accessibility of smaller investors like myself to financial products that are an integral part of my
Guidance Relating to Firm Short Positions and Fails-to-Receive in Municipal Securities
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Senior Management
Legal & Compliance
Operations
Systems
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Executive Summary
On January 14, 1998, the Securities and Exchange Commission (SEC) approved changes to National Association of Securities Dealers, Inc. (NASD®) Rule 11890 regarding the handling of clearly erroneous transactions. 1 The NASD and The Nasdaq Stock MarketSM (Nasdaq®)
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Legal & ComplianceOperationsSystemsTrading
Executive Summary
On September 12, 1994, the Securities and Exchange Commission (SEC) approved an NASD rule change that amends the Prompt Receipt and Delivery of Securities Interpretation (Interpretation) issued by the NASD Board of Governors under Article III, Section 1 of the NASD Rules of Fair Practice. Specifically,
The proposed rules will add more regulations that are not needed. As an individual investor I enjoy access to various products that can be used for any strategy I want to employ. Sometimes a strategy will involve a leveraged or inverse funds, sometimes it maybe about involving cryptocurrency, sometimes it is just about having access to a specific sector.
Before making any investment every
I do not need to be protected by my government or industry regulatory bodies acting on its behalf from the consequences of my investment decisions. The proposed rules will achieve only a limitation on the available investment options to those of us who have yet to earn our millions, and will make it harder for us to do so by removing higher return asset classes from the available options we can
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Senior ManagementInternal AuditLegal & ComplianceOperationsSystems
Executive Summary
On May 18, 1993, the Securities and Exchange Commission (SEC) issued a no-action letter that permits broker/dealers to use optical storage technology(OST) to comply with the records retention requirements of SEC Rules 17a-3 and 17a-4. The letter, which was issued by the SEC
The Digital Communication section of the 2019 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
The proposed rules for investing in Crypto are absurd. If you want to regulate, then make sure investments are on the up and up. Leave investors alone. You are attempting to treat investors like they dont have the right to make their own investment decisions. Crypto could be a serious and viable strategy for people looking to diversify portfolios. And if people dont invest wisely in Crypto,
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Legal & ComplianceOperationsTrading
Executive Summary
On July 1, 1993, the Securities and Exchange Commission (SEC) approved an amendment to Schedule H to the NASD By-Laws regarding quotation-size requirements for market makers in over-the-counter (OTC) equity securities. The rule change revises the minimum-size requirements applicable to market makers
