I want a more transparent market for retail investors. Live accurate data that isn't 2-30 days delayed and partially reported. It is a distinct disadvantage that retail has when it only gets part of the picture. I also would like to see more regulations and stiffer penalties on naked short selling. The fines that are handed out for FTDs and naked short selling are a drop in the bucket to
Here are some examples on how the system could be improved: 1. Reduce the reporting period to weekly (or preferably daily) from biweekly. 2. Require that exchanges report failures to deliver and naked shorts alongside covered shorts. 3. Reduce the holding period for reported days from 4 days to 2 or fewer. 4. Document and release the identities of funds that have open short positions and
I want a more transparent market for retail investors. Live accurate data that isn't 2-30 days delayed and partially reported. It is a distinct disadvantage that retail has when it only gets part of the picture. I also would like to see more regulations and stiffer penalties on naked short selling. The fines that are handed out for FTDs and naked short selling are a drop in the bucket to
In order to achieve a true “ free market” system, retail traders must be provided with total transparency. There are seemingly endless ways for institutions and hedge funds to have the advantage, whether it be access to data, rule loopholes, or seemingly smoke and mirror processes. SSR is a total fabrication, as there are countless ways to achieve shorting while the ruling is in place. It is
Banning retail investors from trading certain instruments is like like throwing an abuse victim in jail to protect them from their abuser. The only reason that this instrument performed so poorly over the last 2 years was the excess liquidity in the markets, and the pump and dump scams often indoctrinated into CNBC viewers. Over the year or so, we’ve witnessed the collapse of Melvin Capital,
This is nothing more than a proposal to make the rich richer & the poor loose more money in a manipulated financial system. The rich create the opportunity and capitalize on it and it's been happening for many years. How about we omit the rich from investing in these investments. We all share the air, highways, waterways, restaurants & paying taxes but only 1-social status
(a) Any member that is required to obtain, or otherwise wishes to use, more than one Market Participant Symbol ("MPID") for purposes of quoting and trading OTC Equity Securities or for reporting trades to the OTC Reporting Facility must submit a written request, in the form required by FINRA, to, and obtain approval from, FINRA Market Operations for such additional MPID(s).
(b) A
On December 5, 2022, FINRA is introducing changes to the current Trade Data Dissemination Service (TDDS 2.0) protocol and structure. As of December 5, 2022, the current TDDS 2.0 version will no longer be supported as this will be a hot cut change, and only TDDS 2.1 will broadcast FINRA Over-the-Counter Reporting Facility (ORF) data.
TDDS 2.1 will be the first FINRA data product to use
Note: Only NASD member Executive Representatives are allowed to vote. Ballots with voting instructions were distributed with the print version of this Notice.
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NASD By-Law Amendments
Last Voting Date: January 22, 2001
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NASD By-Laws
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The
