Every large institution, hedge fund or bank should have to report their short position(s) immediately and made public. The time is takes for market makers to cover failure to delivers on the thresh hold list needs to be reduced from 13 days to 5 days. All failure to delivers should be reported 3 days after a trading day. The penalty for creating synthetic shares should be the same as creating
I would like to see these changes implemented as soon as possible. Given the current state of the market and the illegal nature of naked shorting securities, this would be a breath of fresh air. Transparency is key to a fair market and as it currently stands, the market is all bit opaque to individual investors. In order to maintain the faith of individual investors I strongly believe it is
As Senior Vice President, Corporate Communications, Dana Grosser oversees all of FINRA’s internal and external communications functions, including media relations, digital and multimedia communications, and creative services.
Before joining FINRA in June 2021, Ms. Grosser served as Head of Corporate Public Relations and U.S. Crisis Communications Strategy at Vanguard.
Prior to joining Vanguard
WASHINGTON – The FINRA Board of Governors has appointed Sam Deshpande as a new public Governor. Deshpande is Chief Information Officer for Humana, a U.S. health insurance company. His term on the FINRA Board begins immediately, and he will join the Board at its upcoming Board of Governors meeting on July 21-22.
Deshpande became Humana’s CIO in July 2021, and is responsible for managing all of
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to make technical and other non-substantive changes within FINRA rules.
Comments Regarding Effective Methods to Educate New Investors. I think one of the first places to start would be to get an effective basic investor training program as part of every single high school curriculum in this country. Most schools seem to instruct so that the student can pass a test, not necessarily be educated about financial literacy. The last time I was able to present a basic