IMPORTANT MAIL VOTE
OFFICERS, PARTNERS AND PROPRIETORS
TO: All NASD Members
LAST VOTING DATE IS NOVEMBER 28, 1986.
••• Executive Summary
NASD members are invited to vote on the following amendments to the NASD Rules of Fair Practice and the NASD By-Laws:
Article III, Section 19(f) of the NASD Rules of Fair Practice — would permit members or persons associated with members to receive performance
SR-FINRA-2008-068 - Proposed Rule Change to Extend the Pilot Regarding the Use of Multiple MPIDs on the Trade Reporting Facilities and the Alternative Display Facility
SUGGESTED ROUTING:*
Legal & ComplianceOperationsTradingTraining*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC or "the Commission") recently issued Release No. 34-29094 adopting amendments to Rule 15c2-11 ("the Rule") that became effective June 1, 1991. This is an
SR-FINRA-2008-064 - Proposed Rule Change to Amend NASD Interpretive Material (IM) 2110-2 (Trading Ahead of Customer Limit Order) to provide an Alternative Method of Calculating the Current Inside Spread
SR-FINRA-2008-060 - Proposed Rule Change Relating to Trade Reporting Transfers of Securities Pursuant to an Asset Purchase Agreement
I strongly oppose any rules to limit the trading of leveraged instruments. I use leveraged instruments all the time and I trust that anyone who uses them exercises common sense just the same they would when buying other volatile stocks like Tesla, Bitcoin etc. etc.
I oppose the FINRA proposed rule 22-08. Leveraged and inverse securities are, and will probably remain, a small portion of the market and do not represent a particular danger to individuals or the market as a whole. There are so many predatory, unfair, and anti-competitive practices in the market today, why is FINRA wasting its time on this one?
Please do not take away tools from small, individual investors. There are too many ways the big guys have to beat small investors with their unfair rules. The markets are rigged to their advantage. I NEED to use inverse and leveraged funds to avoid financial disaster in my retirement account.
SUGGESTED ROUTING*
Senior Management
Institutional
Legal & Compliance
Trading
*These are suggested departments only. Others may be appropriate for your firm.
MAIL VOTE
EXECUTIVE SUMMARY
To improve disclosure of broker-dealer compensation for order flow and to make the
(a) Members that effect secondary market transactions otherwise than on an exchange in exchange-traded managed fund shares or "NextShares," as defined under Nasdaq Rule 5745, must report such transactions to a FINRA/Nasdaq Trade Reporting Facility or the Alternative Display Facility in accordance with this Rule and the rules applicable to the trade reporting facility used by the
