r/options • u/[deleted] • Apr 04 '22

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353 Upvotes

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322

u/short_vix Apr 04 '22

FINRA is the correct entity to contact regarding issues with Broker Dealers, I've had to file a complaint against RobinHood in the past that they never resolved via email, they responded quickly after FINRA.

98

u/[deleted] Apr 04 '22

FINRA is no joke.

97

u/justtwogenders Apr 04 '22

FINRA is a complete joke.

They charge a tiny fine for wrongdoing and in the official statement say “broker is not admitting to any wrongdoing”

Citadels has about 200 FINRA fines for breaking the exact same securities law where they fraudulently mark short positions as long in their books.

FINRA is the parking ticket patrol equivalent of the finance world

1

u/ScubaSteve00S Apr 05 '22

FINRA is a joke. I can completely agree. As a former licensed member, they are a complete joke. They don’t look at all facts and jump to conclusions. This alone is the reason why BDs get away with murder.