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Does she have a friend who can translate for her?
When will Stock Farmer unleash his latest DD!!??
What does Finra do?
Every investor in America relies on one thing: fair financial markets. That is why FINRA works every day to ensure that:
?Every investor receives the basic protections they deserve
?Anyone who sells a securities product has been tested, qualified and licensed
?Every securities product advertisement used is truthful, and not misleading
?Any securities product sold to an investor is suitable for that investor's needs
?Investors receive complete disclosure about the investment product before purchase
To accomplish our dual mission of investor protection and market integrity, FINRA performs the following activities every day:
1. Deter misconduct by enforcing the rules
FINRA's mission is to safeguard the investing public against fraud and bad practices. We pursue that mission by writing and enforcing rules and regulations for every single brokerage firm and broker in the United States, and by examining broker-dealers for compliance with our own rules, federal securities laws and rules of the Municipal Securities Rulemaking Board.
All brokers must be licensed and registered by FINRA, pass our qualification exams and satisfy continuing education requirements.
Every day, hundreds of professionally trained FINRA financial examiners are in the field taking a close look at the way brokers operate, with a focus on the greatest risks to the markets and investors. We conduct routine examinations, as well as inquiries based on investor complaints and suspicious activity. And we review all broker advertisements, websites, sales brochures and other communications to make sure brokers present information in a fair and balanced manner.
Every year, FINRA reviews about 100,000 individual advertisements and communications from firms to investors.
2. Discipline those who break the rules
We have the experts, technology and authority to respond quickly to wrongdoing. If brokers break the rules, we can fine, suspend or bar them from the industry.
Through our aggressive vigilance, in 2016, we brought 1,434 disciplinary actions against registered individuals and firms, levied fines totaling $176.3 million and ordered restitution of $27.9 million to harmed investors.
?FINRA charged a broker with securities fraud for churning the account of a 77-year old blind widow, and for excessive and unsuitable trading in her account. Within a few weeks after the customer’s husband passed away, the broker began aggressively trading her accounts to generate excessive commissions for himself. Because she was blind and severely debilitated, requiring in-home care, the customer relied completely on her broker to accurately portray her account activity and let her know about account performance. The broker placed more than 700 trades in more than 200 different securities, which generated more than $243,000 in commissions, while causing the customer approximately $184,000 in net losses.
?In another case, FINRA fined a firm $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an 89-year-old customer’s variable annuity account. The firm repeatedly failed to adequately investigate “red flags” that a former registered sales assistant and since-convicted felon was transferring money from the customer’s variable annuity account to a third-party bank account in his wife’s maiden name.
?After finding that a firm charged customers unfair and unreasonable prices and excessive markups, FINRA expelled the firm from FINRA membership, fined it $1 million and ordered the firm to disgorge nearly $333,000, plus interest. The broker-dealer bought and sold corporate bonds from other broker-dealers to sell to its retail customers, charging them markups on the bonds. The firm also bought bonds from its retail customers and sold them to other broker-dealers, charging the customers markdowns. FINRA found that the charges were not fair or reasonably related to the then-current market price of the security.
3. Detect and prevent wrongdoing in the U.S. markets
FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage.
In fact, FINRA processes, on average, 37 billion—and up to 75 billion—transactions every day to build a complete, holistic picture of market trading in the United States.
We also work behind the scenes to detect and fight fraud. In addition to our own enforcement actions, in 2016, we referred more than 785 fraud and insider trading cases to the SEC and other agencies. When we share information with other regulators, it leads to important actions that prevent further harm to investors.
4. Educate and inform investors
We believe an essential component to investor protection is investor education. We provide investors with tools and resources that can help them make wise financial decisions.
Through the FINRA Investor Education Foundation, we equip underserved audiences nationwide with resources needed for financial success and teach investors to protect themselves from financial fraud.
Our website, FINRA.org, offers dozens of free resources about investing and avoiding fraud, including online calculators and investor alerts.
?FINRA's BrokerCheck allows investors to research the professional backgrounds of current and former FINRA-registered brokerage firms and brokers, as well as investment adviser firms and representatives.
?Our Market Data Center provides investors with a wealth of information on a variety of financial instruments, including data on bond market activity from FINRA's Trade Reporting and Compliance Engine (TRACE).
?FINRA provides an easy-to-use, online Fund Analyzer that allows investors to compare expenses among funds—or among different share classes of the same fund.
?Our Risk Meter allows investors to determine if they share characteristics and behavior traits that have been shown to make some investors vulnerable to investment fraud.
?And by asking just four questions, our Scam Meter can help investors assess whether an investment opportunity is too good to be true.
5. Resolve securities disputes
When problems between brokers and investors occur, we administer the largest forum specifically designed to resolve securities-related disputes between and among investors, securities firms and individual brokers.
Our dispute resolution forum is the largest in the country for the securities industry, handling nearly 100 percent of securities-related arbitrations and mediations from more than 70 hearing locations—including at least one in all 50 states, London and Puerto Rico.
Sounds like your risk tolerance is not very high. You gotta have faith. Hold those shares.
Yeah, thanks for the tease.... :(
But isn't this a zero sum game?
This is the same for me though iTrade. Shows "Dolat Ventures Inc" next to JBZY
"Sings" When there's something strange, on the ihub-hood, who you gonna call ***SCAM BUSTERS***
What is going on with the court case??
Have all the Brokerage's sorted out the shares yet?
I'm guessing the consolidated financials are going to be the news, that's what's due... well at least Q3. I think that will come then PR. They could have easily dropped some PR, but it's the fins that will make this soar, PR will just keep the ride going.
Its sinking in to my bank account actually. :)
Thanks Meticulous!
Need help, I am at work and don't have Level 2. Is this looking like an up trend or are we going to dip further?
Thanks!
Just emailed HH (MS. Huang) about PR and Financials. Hopefully she responds by tomorrow.
Talk about a sell off.
"Looks like it will gap up" and it drops hahaha FML
Tencent is $340.69 to be exact ;) With an MC of 3.32T!!!!
Platinum tickets!
Shall we shorten Ms. Huang to HH to make things easy like RO was?
6am in Beijing, hope they release some news by their business hours!
Let's do this!!
Any bets on when we get news?
God Father: do you write restaurant reviews for a living? LOL
I bet PR will drop after hours for a weekend study.
I am Canadian and my account is cleared (I am through Scotiabank iTrade).
Anyone that trades in Canada using "Scotia iTrade" should be cleared now, my account is good to go.
Ready to start next week fresh!
Don't focus on the day to day. Have to Warren Buffett this stock. I am looking at minimum 1 year out.
I have a pretty decent position (758,000 shares) I will skim some off the top when we reach a dollar. After that, I am keeping 500,000 shares for the next 3 years or until something looks like it will turn this around.
I wasn't even tempted to sell at 300%. I want to sell at 3000%
Again how would anyone know (even in china) unless there is PR and Fins. Everyone here has bought off pure speculation (which is why we can either make a boatload of money or lose it, that's the risk we take until some PR comes into fruition.
JBZY
No one knows its worth billions yet! There are no Fins supporting anything... Numbers do all the talking, wait until the PR drops...
JBZY
Where are they going to park all these cars we produce? There are 1.3 parking places in China for every 3 cars.
I LOVE THIS!!!
S UPERIOR
C HINESE
A UTOMOBILE
M ANUFACTURER
Great way to turn this around in their faces Hawk!
Supersaiyan3: Love it! Totally worth one of my 14 messages left lmao.
I love this comment GF hahaha
Why is there no like button on this thing!
Rhardy270: Is it business days of calendar days?
What's the most recent news from RO?
DOLV: the roller coaster of emotions stock.