For a market to be free and fair all information on a tradeable asset must be disclosed. These updated rules protect all parties but particularly retail investors like myself who do not have access to the same data set as large firms. I support these rule changes, a more transparent market would benefit current investors and protect the confidence of future investors in the US stock market.
I think when it comes to FTD's and naked shorting that the fines and punishments should be much more than what the companies failing are making in profit. These companies should be held accountable and have assets liquidated if they do not cover FTD's. Settlement periods should be removed. It shouldn't be a T+2 system. How is it fair to the retail investor when it dates days for us
Summary
FINRA has adopted amendments to Rule 2231 (Customer Account Statements) to add eight new supplementary materials pertaining to:
compliance with Rule 4311 (Carrying Agreements);
the transmission of customer account statements to other persons or entities;
the use of electronic media to satisfy delivery obligations;
compliance with Rule 3150 (Holding of Customer Mail);
the
As a US citizen, I value the right to freely access the entirety of the public securities markets without arbitrary restrictions, and the freedom to access a broad range of investment products that help me build better portfolios. As information on investments is more readily available than ever before, I have become a knowledgable investor without the need for additional restrictive regulatory
FINRA is introducing a new system for FINRA member firms to submit the FINRA Participant agreement and FINRA order form. Beginning January 31, 2022, FINRA Member firms will be required to use the Participant Data Management platform to perform the following functions for the TRACE, ORF or ADF facilities:
Submit, view, and amend the FINRA Participation Agreement;
View and modify access to the
Teaching kids about financial concepts and prudent decision-making can help them become financially proficient adults and deserves a spot alongside early learning basics. Learn four tips to help build their foundation for financial fluency.
Registered financial professionals are licensed sales personnel who work for broker-dealer firms. Broker-dealers are in the business of buying and selling securities—stocks, bonds, mutual funds, and certain other investment products—on behalf of its customers (as broker), for its own account (as dealer), or both.
IMPORTANT
TO: All NASD Members and Other Interested Persons
At its November meeting, the NASD's Board of Governors determined to take several actions in the area of short sale regulation in the over-the-counter securities market. This notice summarizes these actions.
Reporting of Open Short Interest Positions
The first such action will require members to report to the NASD, for purposes of
February 1, 2001The first quarter 2001 software release for OATS contains two enhancements that will significantly affect NASD member firms, service bureaus, and clearing firms.The first enhancement is to empower member firms with the ability to control who submits order data on their behalf. OATS will give member firms the ability to set up reporting relationships with their Order Sending
SEC Approves Changes to Arbitration Rules on Definition of Associated Person, Distribution of the FINRA Discovery Guide and Applicability of Hearing Session Fees
