Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive
The market rules need an overhaul. Penalties for failure to return shares should be steeper base on how much you're shorting. If someone shorting a stock for 100k, a ten thousand dollars fine seems reasonable. But if I'm shorting the stock by millions or billions they shouldn't be paying 10k for breaking the rules.. matter of fact they should not be breaking the rules in the first
I got into WBSI for 5.15 on 02/04/2021. 20 shares. It went to $10 feb 8th. It dropped to $2.00 over the next couple months. There was supposed to be a merger/name change which took place but during this time stock dropped to .35 low. The volume for this stock is weird that it has no volume for days at a time sometimes. But let it be the 15th or end of month and there will be volume. Anyway, there
With all due respect "reporting" is a small part of the shorting problem. While I support more immediate reporting requirements, the issue is naked shorting, mislabeling of shorts (as longs), and other shorting malfeasance being used by market makers (i.e. Citadel and Virtu) to manipulate market prices and destroy market integrity. Fines are also the biggest joke. Citadel has been fined
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, April 19, 1988, the following 11 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 2,994:
Symbol*
Company
Location
BMEEF
TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, March 1, 1988, the following six issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/NMS to 3,004:
Symbol*
Company
Location
BYTE
I truly feel that this new regulation would severely damage any investor that is interested in securing his or her financial future.
Cryptocurrency is the one financial vehicle that is not only affordable to ANY investor regardless of the amount of wealth they may have but that can change an investors financial status overnight.
It is no more risky, than any stock an investor may buy or trade
I am strenuously opposed to the investment restrictions/limitations indicated here.
A) As a taxpaying, voting, citizen of the United States I strenuously object to these investing restrictions and ardently reserve MY RIGHTS to make financial decisions that are in my and my families best interest. This is particularly important when investing our own personal and retirement money.
B) I should not
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Executive Summary
On June 29, 1994, the Securities and Exchange Commission (SEC) approved a proposed Interpretation to Article III, Section 1 of the NASD Rules of Fair Practice that prohibits a member firm
Two or more members under substantially the same ownership or control shall be required to pay (1) only one personnel assessment and one system processing fee annually for those individuals employed by more than one of the members; (2) only one fee annually for each branch office registered at the same location by more than one of the members; and (3) one registration fee, one fingerprint
