SUGGESTED ROUTING:*
Senior ManagementCorporate FinanceLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD requests comments on proposed amendments to Appendix F under Article III, Section 34 of the Rules of Fair Practice and Schedule D to the NASD By-Laws. The amendments would restrict member participation
Industry Governor (Independent Dealer/Insurance Affiliate Governor)
President and CEO, Cambridge Investment Research, Inc.
Governor Since 2017
Committees: Regulatory Oversight Committee
Professional Experience
President and CEO, Cambridge Investment Research, Inc. (1998 – present)
Director, SunAmerica Securities, Inc. (1995 – 1998)
Operations Principal, Coordinated Capital
/01 Responsibility of Personnel
Rule 435(5)T, which prohibits the circulation of rumors, extends personal responsibility for its observation to all member organization personnel. Those who service accounts, those who are handling the member organization's long distance wires and those on the trading desks must in particular exercise a high degree of individual responsibility as their
Form CRS Instructions
17 CFR 240.15l-1
Regulation Best Interest
17 CFR 240.17a-3
Records to Be Made by Certain Exchange Members, Brokers and Dealers
17 CFR 240.17a-4
Records to Be Preserved by Certain Exchange Members, Brokers and Dealers
17 CFR 240.17a-14
Form CRS, for Preparation, Filing and Delivery of Form CRS
17 CFR 249.641
Form CRS, Relationship Summary for Brokers and Dealers
FINRA may, pursuant to the procedures set forth in the Rule 9000 Series, suspend, condition, limit, prohibit or terminate a Trade Reporting Facility Participant's ability to use FINRA/NYSE Trade Reporting Facility services in one or more designated securities for violations of applicable requirements or prohibitions.
Renumbered from Rule 6360C by SR-FINRA-2008-066 eff. Jan. 1, 2009.
Public GovernorBrandEmPower, Inc.Governor Since 2023Committees: Finance, Operations & Technology Committee, Investment Committee (Chair)Professional ExperienceCo-CEO, BrandEmPower, Inc. (2021 – present)CIO, Vanguard (1987 – 2012)Current Board Service and AffiliationsInvestment Committee & Audit Committee Member, PGA of AmericaInvestment Committee Member, Wilkes
While putting out notices is a (small) step in the right direction, the punishment needs to fit the crime. The current penalties for the majority of already fraudulent, illegal or criminal market activities are fines which represent a minute fraction of the profit gained by perpetuating them. As such, any enforcement (on the rare occasions enforcement actions are even taken) simply represents the
Short interest reporting should be instantaneous. Not sure why the reporting on SI and other short positions data is so delayed and unreliable but for the market to be fair, both sides of positions need to see all data equally for manipulation to be in check. If changes to short data being made available publicly and in reasonable times then I fear the market will never be fair and retail
Finra should absolutely adopt all of the above changes. Any regulation that can be added for transparency in a free market should be added. All of this information should be reported daily and available to everyone to install confidence in a free market system. Above and beyond this, accountability for failure to comply should come with harsher penalties then small fines that can be incurred as a
I am opposed to adoption of Rule #22-08. I am not a big time investor, but I invest consistently and I think wisely using Proshares leveraged ETFs among others. I understand the long term risk of investing in these ETFs and usually do so for the very short term, I believe my participation makes for a more liquid market which I believe is the reason this country operates a capitalistic system, In
