It is commonly understood that for every transaction the terms of the exchange is known by both parties and executed faithfully to produce what we consider the stock market. Technology now allows for near instant transactions for market participants, therefore the due diligence of reporting that transaction to regulatory authorities should occur simultaneously with the transaction itself. This
As it stands, I see no reason why any of the bad actors will accurately mark or report their positions. Even with a condensed reporting timeline, there is no vehicle for FINRA to keep track of mismarked/illegal/synthetic/etc. short positions. Recommend that stocks released by companies should have tracking numbers so that short positions shall be required to have a one for one trace via tracking
REQUEST FOR COMMENT
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Comment Period Expires: September 20, 2002
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Rule 3010(g)(2)
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NASD requests comment from members, investors, and other interested parties on proposed
SummaryEffective May 14, 2025, the Section 31 fee rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets will decrease from its current rate of $27.80 per million dollars in transactions to a new rate of $0.00 per million dollars in transactions.Finance-related questions should be directed to Amanda Rath, Associate Director, Revenue Management,
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: APRIL 28, 1986
The National Association of Securities Dealers, Inc. (NASD), is requesting comments on a proposed amendment that would provide limited exemptions for certain persons purchasing securities in connection with the conversion to stock ownership of mutual savings and loan associations, savings banks and certain
A registered representative presently licensed with a member providing telemarketing services, under certain conditions, would not be required to also be registered with a client member.
Beginning May 15, 2023, the following FINRA TRACE rules changes will take effect:
Members must report transactions in TRACE-eligible corporate debt securities which are part of a portfolio trade with an appropriate modifier. The Sale Condition 4 modifier, available via the TRAQS secure web browser and the TRACE FIX protocol (Tag 22004), will be available for this designation, as described in
Participation of U.S. underwriters in the multinational offering of shares under NASD IM-2110-1(b)(8) and NASD Rule 2740(c) and NASD Rule 2750.
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Executive Summary
The Securities and Exchange Commission (SEC) recently approved amendments to the National Association of Securities Dealers, Inc. (NASD®)
I agree with everything there 100% needs to be more transparency in the stock market. I believe reporting should be done daily so that it will be harder for someone to try and hide or fake their positions since they won't have time. With all the money they make and High Frequency Trading these firms do they have no reason to say reporting daily is too hard or impossible. I also recommend
