To whom it may concern:
This is a move not only to restrict freedom but more importantly to restrict socio economic mobility. This is nothing but a way to super impose a caste system on the country to make sure the rich stay rich and everyone stays poor. There are many other ways to make sure the products offered are safe for investors than banning investors from using them unless they are
I deeply oppose restrictions on individuals' right to invest in popular public investments! I'm probably what is considered "middle-income", and a typical job holding American. Public securities such as leveraged and inverse funds can be a very an important part of a person's investment strategy, and I don't need restrictions imposed on me
Here are my opinion:
1) Hurts Investors: It could potentially deny me the freedom to choose investments that could
help me achieve long-term financial security.
2) Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast number of commonly used public securities. Tests or criteria to determine investor understanding are
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the pilot period related to FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks).
GUIDANCE
Options Position and Exercise Limits
Effective Date: February 28, 2005
SUGGESTED ROUTING
KEY TOPICS
Institutional
Legal & Compliance
Options
Senior Management
Trading
Training
Delta Hedging
Exercise Limits
Hedge Exemption
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean an exclusion and high cost penalty. Every short position should be updated with FINRA daily. The US market is manipulated by huge financial institutions with naked short selling and share price action manipulation. Please make it a free and
ALL shorts positions must be made public to curb illegal abusive naked short selling. This proposal doesn't go far enough to prevent this practice; for the majority of financial institutions, fines are merely the cost of doing business and well-worth it. Illegal naked shorting is rampant, widespread, and well-known to the public despite FINRA's continued inaction. Do better. I say this
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to (i) extend the expiration date of FINRA Rule 0180 (Application of Rules to Security-Based Swaps) to February 6, 2022 and (ii) extend to April 6, 2022 the implementation of FINRA Rule 4240 (Margin Requirements for Credit Default Swaps) and
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments in SR-FINRA-2020-015 and SR-FINRA-2020-027 from December 31, 2020, to April 30, 2021.
SUGGESTED ROUTING:*
Corporate FinanceLegal & Compliance*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD has received a "No-Action Letter" (letter) from the Division of Corporation Finance of the Securities and Exchange Commission. It provides that a broker/dealer may rely on the provisions of SEC Rule 14a-2(b)(2
