Remarks from the Women in Housing and Finance Luncheon, as prepared for delivery.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 3240 (Borrowing From or Lending to Customers).
SUGGESTED ROUTING*
Senior ManagementInstitutionalLegal & Compliance OperationsSystemsTradingTraining
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On September 18, 1990, the Securities and Exchange Commission (SEC) approved an NASD proposal to require market makers in NASDAQ to display quotation size greater than or equal to the
FINRA Reminds Firms of Their Responsibilities Concerning IRA Rollovers
Transitional Broker LLC appreciates the opportunity to comment on Regulatory Notice 22-08 published by the Financial Industry Regulatory Authority (FINRA). We support FINRAs investor protection mission and commend FINRA for reminding members of their current regulatory obligations. However, we are deeply concerned that FINRA is considering a series of radical and unprecedented regulations that
I oppose the proposed regulation of leveraged and other complex products. This framework is not clear nor workable. What makes one fund complex while others are not? Why impose an arbitrary standard when arguably the majority of the public investing in index funds does not thoroughly understand what an index fund is or how it actually operates?
The onus has always been on the investor to educate
This preposterous regulatory proposal is infuriatingly ill-conceived. It's both insulting to my decades of investing knowledge, and detrimental to my investment strategy. The notion that FINRA will categorically restrict my financial freedoms, especially given my successful use of leveraged investment products for over a decade, smacks of naivete, and a completely wrong-headed
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged like hedge fund institutions. I understand a financial risk with these funds and know the consequences of covering the losses. You should not be the judge of imposing conditional regulations on each individual investors. When
Unless otherwise indicated, suspensions will begin with the opening of business on Tuesday, February 20, 1996. The information relating to matters contained in this section is current as of February 5, 1996. Information received subsequent to February 5, 1996 is not reflected in this section.
Firms Expelled, Individuals Sanctioned
Burnett Grey & Co., Inc. (Atlanta, Georgia) and Linda M
SUGGESTED ROUTING
Senior Management
Internal Audit
Legal & Compliance
Operations
Trading
Executive Summary
The Department of the Treasury (Treasury) recently announced a delay in the effective date for certain amendments to the Bank Secrecy Act (BSA) that were scheduled for January 1, 1996. The amendments, which require broker/dealers to comply with additional recordkeeping
