If a security is sold, FINRA should have a record of it whether it is generated from. I see your folks are focusing on synthetic, fake shares generated to "provide liquidity" via options but security-based swaps, mismarked longs and any other financial instrument institutions may use to sell a share they do not have NEEDS to be reported to FINRA. When you folks have this information you
FINRA 21-19 is needed to restore the Retail Investor's trust in the market. An equivalence of information is needed to ensure all parties in the market are on equal footing. Transparency of data, in particular, the limited short interest reporting policy, needs to be improved. While many of the policies mentioned in Regulatory Notice 21-19 address the general breadth of exploitable and
I would like to see accurate daily reporting of short interest of stocks including how many synthetic shares have been produced to short a stock. I would like all methods of "can kicking" FTDs through options chains eliminated. Short hedge funds should only be allowed to short a stock by actually borrowing real shares of stock for a specified period of time and must return those shares
Please note my comments as below: Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of
To FINRA, It has come to my attention through my broker that this notice may lead to a restricting of many types of investments that I have available to me. While some of the recommended requirements such as a cooling-off period and an increase in information that a client must see could benefit retail investors. Other requirements such as a net worth requirement are troubling, to say the least.
AI-based applications offer several potential benefits to both investors and firms, many of which are highlighted in Section II. Potential benefits for investors include enhanced access to customized products and services, lower costs, access to a broader range of products, better customer service, and improved compliance efforts leading to safer markets. Potential benefits for firms include
As an educated & well-researched "retail" investor, I find this legislation incredibly insulting. The condescending essence of the idea that I am not capable of understanding the risks of leveraged and inverse ETFs is disgusting. Such ETFs have allowed me to outperform the major indexes through the bear market we are currently going through, and without access to them retail
The Financial Industry Regulatory Authority (FINRA) today issued an updated Investor Alert warning international investors about a new twist in advance-fee fraud involving low-priced US securities. Con artists have been misusing FINRA's name and impersonating FINRA employees in email communications in an apparent attempt to lend a false air of legitimacy to their schemes
Washington, DC - The Financial Industry Regulatory Authority (FINRA) is seeking comment on proposed rule amendments that would require registered firms - for the first time - to report allegations of sales practice violations against an individual broker made in arbitration claims or civil lawsuits that do not name the broker as a respondent or defendant.
SummaryThe annual meeting of FINRA firms will take place on or about September 11, 2024, to elect one Large Firm Governor, one Mid-Size Firm Governor and one Small Firm Governor to the FINRA Board of Governors (FINRA Board). A formal notice of the meeting, including the precise date, time and location, will be mailed to executive representatives on or about August 12, 2024.The purpose of this
