WASHINGTON—FINRA announced today that an extended hearing panel has expelled broker-dealer NYPPEX, LLC and barred its former CEO Laurence Allen for failing to respond in a timely and complete manner to FINRA requests for information and documents. The panel also found that NYPPEX and Allen engaged in securities fraud. In addition, the panel barred NYPPEX’s current CEO and Chief Compliance Officer
There should be zero limitations on investment. FINRA should roll back the draconian private company investment rules and leave the public markets alone. Inevitably these regulations will discourage investment. Options are not always a gambling vehicle, they are used as a hedge by investors and you know this. Specifying an income or net worth is asinine. Leave the markets alone. Every person
(a) DefinitionsFor purposes of this Rule and any interpretation thereof:(1) "Communications" consist of correspondence, retail communications and institutional communications.(2) "Correspondence" means any written (including electronic) communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period.(3) "Institutional
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NASD Regulation, Inc. (NASD
FINRA Requests Comment on the Effectiveness and Efficiency of its Communications With the Public Rules
I appreciate the independence to select appropriate investments for myself and my family. I have been a successful investor in these funds for a decade. Like everything in life, I imagine I could have faired better with some special, expensive training, but my returns from these investments alone will provide a year of private college for each of my two kids. Please let people make their own
Summary
Pursuant to FINRA Rule 4210(f)(8)(A), FINRA is establishing higher strategy-based margin requirements for exchange-traded notes (ETNs) and options on ETNs in light of the complex nature of these products. The new requirements for initial and maintenance margin are detailed below.
In addition, FINRA is clarifying that ETNs and options on ETNs are not eligible for portfolio margining
WASHINGTON – FINRA announced today the election or appointment of five industry members to its 22-member Board of Governors.
Seven of the 10 industry seats on FINRA’s Board are decided via election, and large, mid-size and small firms decide the Governors who represent their respective firm categories in those seats. At the Annual Meeting of FINRA Firms on Sept. 1, firms elected the following
Leveraged and inverse funds are important to protecting my portfolio of investments in my self-directed IRA accounts. These rights are no different than the right to invest in bank CD's or various bond investments, stocks, or options. Regulators need not impose restrictions on private investors making decisions on public investments. This is infringing on idividual rights to buy, sell
The Top 1% is like a private club, and this "club" continues to find new ways to shut out the "little guy" because you don't want us getting in the way of you gobbling up all the wealth. Public investments should be available to everyone, not just the privileged. So when you start paying your share of taxes, then we can talk -- but until then, SHAME ON YOU!!