FINRA is incorporating into its rulebook the rules of New York Stock Exchange LLC ("NYSE") listed below (the "Incorporated NYSE Rules"). The Incorporated NYSE Rules will apply solely to those members of FINRA that are also members of NYSE on or after July 30, 2007 ("Dual Members"), until such time as FINRA adopts a consolidated rulebook applicable to all of its
The Small Firm Conference focuses on small firms’ practices and tips for complying with FINRA rules. Throughout the event, attendees have the opportunity to discuss small firm topics with FINRA senior staff.
1. The most neglected field in investor education is equity market manipulation. New retail investors should be informed about perpetual option fail-to-delivers, married-puts, shorting via exchange-traded-funds, off-exchange trading and selling synthetic shares to manipulate a stock's price. 2. From a retail investor's perspective: An open forum where individual users can share investor
The Cyber and Analytics Unit (CAU) within FINRA’s National Cause and Financial Crimes Detection (NCFC) program would like to bring an important cyber-related development to your attention. The Cybersecurity & Infrastructure Security Agency (CISA) and the FBI issued a “Shields Up” warning this week regarding potential Russian cyberattacks to target U.S. organizations related to
The FINRA Board of Governors meets this week in Washington, DC. Read President and CEO Robert Cook’s email to firms previewing the agenda.
Increased visibility into market activity. Retail investors cannot be kept at a disadvantage to institutional investors. It's not a fair market if we aren't playing the same game, with the same tools and the same information. Dark pool trading needs to be limited to specific use-cases if not removed entirely. No high-frequency trading. Short positions should be disclosed and those
Summary
The Securities and Exchange Commission (SEC) approved1 amendments to FINRA’s customer and industry arbitration rules to expand time for non-parties to respond to arbitration subpoenas and orders of appearance of witnesses or production of documents. The amendments also make related changes to enhance the discovery process for forum users.
The amendments are effective for cases filed on
Yes to all. The more transparent, the better. The sooner, the better. Reporting should be on a daily basis, regardless of cost, and I feel that these practices should apply to ALL firms, member or otherwise. This needs to be an across the board regulatory process. The application of these changes, based on membership, will certainly be a cause of competitive discrepancies and will eventually
Hello. I am a supporter of transparency within the stock market. I have found that there are certain holes in the current regulations that make it possible to conceal important and actionable information from the public. These include: The lack of requirements for disclosure of an entity's short positions The lack of daily (or instant if possible) updates as to the current short interest of
As a reminder, FINRA will be retiring the current FINRA New Issue Form and will be replacing it with an updated submission platform beginning Monday, September 28, 2020. The new platform will be available to all current FINRA New Issue Form users with the same log in credentials used to access the New Issue Form today.
To find more information about the changes and to access
