GUIDANCE
OATS Reporting Requirements
Effective Date: May 8, 2006
SUGGESTED ROUTING
KEY TOPICS
Internal Audit
Legal & Compliance
Operations
Registered Representatives
Senior Management
Systems
Trading
Training
OATS
Rules 69506957
Executive Summary
On September 28, 2005, the Securities and Exchange Commission
(SEC) approved amendments to Rules 6950 through 6957
(a) Military Installations
For purposes of this Rule, a "Military Installation" shall mean any federally owned, leased or operated base, reservation, post, camp, building or other facility to which members of the U.S. Armed Forces are assigned for duty, including barracks, transient housing and family quarters.
(b) Disclosures
A member engaging in sales or offers of sales of
• Conversion or Improper Use of Funds or Securities
• Forgery and/or Falsification of Records
Conversion or Improper Use of Funds or Securities
FINRA Rules 2010 and 21501, and NASD Rule 2330 and IM-2330
Principal Considerations in Determining Sanctions
Monetary Sanction
Suspension, Bar or Other Sanctions
(a)(1) Unless otherwise permitted by FINRA, a capital acquisition broker must suspend all business operations during any period in which it is not in compliance with applicable net capital requirements set forth in SEA Rule 15c3-1.
(2) FINRA may issue a notice pursuant to FINRA Rule 9557 directing a capital acquisition broker that is not in compliance with applicable net capital
Limiting citizens ability to trade leveraged funds, commodity funds, REITs and various other financial instruments is a direct attack on the citizenry and should be unconditional. This would be a hindrance on financial freedom in what is a world where opportunities and social mobility is increasingly hard to find. As a broker and US citizen, I vehemently oppose such a rule and think those who
Respected Regulators, Leveraged and inverse ETFs help me hedge my portfolio and I would really appreciate if you don't impose any rules such as passing a test before investing in such ETFs. Investors understand the risks these risks since the information is widely available. I would really appreciate if you let investors choose what works best for them. Thank you!
This is yet another example in a countless list of rules for thee but not for me. Regulations like these continue to protect the upper class, while keeping the little guy down. Every American should have the same opportunities, not based upon some income threshold. If you truly care about lifting Americans up, as you say you do, you will not pass this legislation.
I am writing to comment against passage of proposed rule #S7-24-15. As a retiree the use of inverse and leveraged funds are important vehicles for managing risk to my retirement. They provide diversification that is not available in any other products. I do not need to be protected from using these products. Indeed if these products had not been available to me my retirement portfolio would be
For more than two centuries, the securities industry in the United States has been governed by private arrangements to regulate business conduct—membership organizations that set rules for their members, and then hold members accountable if they break the rules.The earliest such “self-regulatory organizations”—or SROs—date to the 1790s, when groups of traders in New York and Philadelphia agreed
SUGGESTED ROUTING
Senior ManagementCorporate FinanceGovernment SecuritiesInstitutionalInternal AuditLegal & ComplianceMunicipalMutual FundOperationsOptionsRegistrationResearchSyndicateSystemsTradingTraining
The NASD® published the following Notices to Members during 1992. Duplicate copies are available at $25 per monthly or special issue. A bound-volume, indexed reprint of
