To whom it may concern;
It is deeply disturbing that thee are proposed limitations on leveraged and inverse ETFs being discussed. Although concerns are valid that these investments do carry increased risk, anyone who does their due diligence reading the forms and prospectuses and looking at the one, five, and ten year charts can see whether the investment is a hedge/short term only (most inverse
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Intermarket Surveillance Group
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KEY TOPICS
Legal & Compliance
Operations
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Blue Sheets
Executive Summary
This Notice to Members discusses new uniform provisions regarding the automated reporting requirement for Electronic Blue Sheets (EBS).
Effective August 8, 2001 all members were required to:
(1)
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Senior ManagementLegal & ComplianceOperations*These are suggested departments only. Others may be appropriate for your firm.
The Securities and Exchange Commission recently advised the New York Stock Exchange, Inc. (NYSE) and the National Association of Securities Dealers, Inc. (NASD) that a potentially large number of cancelled registered corporate bond
Shares need to have a traceable ID number, and shares that are shorted need to report that ID. I don't know how naked shorts get created by i do know that a stock like AMC shouldn't be shorting multi-millions of shares per day for months and months but never change SI% more than a few percent. There was one day this week there were literally 50 million shorts sold, 10% of the entire
A vibrant and efficient capital-raising process fosters business expansion, job creation, innovation and economic growth. FINRA members play a critical role in facilitating capital formation for businesses of all sizes. FINRA supports the capital-raising process through appropriately tailored rules for its members that are designed for the benefit of all market participants.
(a) Any person who proposes to form a member organization and any member organization which proposes to admit therein any approved person shall notify the Exchange in writing before any such formation or admission and shall submit such information as may be required by the Rules of the Exchange. No such member organization shall become or remain a member organization unless all persons required
I have been in the market for almost 5 years now, but really started this year to learn the ins and outs of the so called “free” market. I’ve never seen such negligence by MM, Hedge funds, and the sec. yes my own government has utterly let me down. What are actual numbers on short interest of so called meme stocks. How does upwards of 60% go through dark pools that I have zero knowledge of. This
Over the past 6 months I have been investing a relatively small portion of my portfolio in leveraged inverse funds to hedge other portfolio positions.
It is difficult to understand how regulators would presume to require a 'test' or other special requirement to invest in these tools.
Certainly, leverage has risks. Certainly, stocks have risks. If you can't accept that
All of that should already be in place. Synthetic shorts are an illegal practice anyways, so reporting them would just oust the form doing them thus implicating them in a crime. But yes they should be reported; As the amount of synthetic shares could and most like does in fact dwarf the actual share count of a particular stock if the hedge funds are trying to bankrupt them. Examples being
All transactions except "cash" transactions in stocks, bonds or similar evidences of indebtedness shall be "ex" liquidating payments or payments on account of principal in accordance with the formula set forth in Rules 11140 and 11150.
Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.
Amended by SR-NASD-91-13 eff. Nov. 1, 1991.Selected Notices: 91-63, 10-49.
