Use of short and commodity funds has been key to my investment strategy for many years. There are plenty of warnings published with all these funds, if people won't read and heed warnings, the should not be investing at all. In a free country though, they have the right to use all the tools, and that is a good thing.
NASD issues this annual publication to assist member firms in their compliance efforts.
Executive Summary
On February 27, 2001, the Securities and Exchange Commission (SEC) approved amendments to National Association of Securities Dealers, Inc. (NASD®) Rule 2520 relating to margin requirements for day traders (the "amendments").1 The amendments become effective on September 28, 2001 and are substantially similar to amendments by the New York Stock Exchange (NYSE) to its
Continuing Commissions permitted where the safeguards required by the rule have been implemented.
Best Execution
Direct Market Access Controls
Short Sales
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperations*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On April 17, 1991, the Department of Treasury issued 56 FR 15529-15532 containing proposed amendments to 17 CFR Part 403 ("Protection of Customer Securities and Balances"). The proposal would implement a buy-
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated with FINRA daily.
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated with FINRA daily.
Hedge funds and shorts are manipulating the financial system to make revenue gains while retail investors don’t have equal opportunity to realize gains with not as much capital available to them. This creates a very toxic ecosystem within the stock market industry.
The hedge funds are not covering any of their shorts on $AMC. It’s horrible that the SEC won’t step in and make them cover. People are losing faith in the stock market and will be horrible for the economy. People won’t want to invest anymore. The SEC needs to make it right.
