Skip to main content

Jonathan Gedrich Comment On Regulatory Notice 21-19

I already commented on this but I forgot to mention the PDT requirements, we should drop that all together. You're basically saying if you don't have 25k in your account you're not allowed to play. After you confirm someone is 18 years old or above, they are responsible for their own money, if they have extra money they wanna build by day trading it, don't restrict them unless they're underage. If the market is transparent like I suggested, it only comes down to being good or bad at trading.

Jonathan Gedrich Comment On Regulatory Notice 21-19

A completely transparent market would allow retail traders to self teach themselves much easier. Along with an official site with all data, Picture Ortex without having to pay $500/year. Also, give us up to date information.... this T+2, T+5, T+13, T+35 stuff is nonsense in today's day and age. We have the technology to do it, so why aren't we giving current information? Creating a completely transparent market will create an environment where it will allow the good companies to thrive on their fundamentals, and show who is a better trader not who uses their money to be a better trader.

Stephen Deane Comment On Regulatory Notice 21-19

I don't think the regular American shareholder can take much more of Wall Street's shenanigans. I want to participate in the market but it is apparently rigged against me. I make 50k/yr on salary actually working for a living and Wall Street tycoons and bosses want to take every last nickel I have! These people are already wealthy but it's just not enough??? This is not how it's supposed to work. I want a fair shot. That's it. Nothing more, nothing less. Thank you.

Jonathan Gedrich Comment On Regulatory Notice 21-19

Short positions should have to be reported immediately upon hitting the threshold list. Which as you know means FTD's are running rampant, they should be forced to cover in entirety to discourage institutions from dragging out their mistakes if they've had enough days consistently to reach the list. This would have saved them billions to date. Also Prime brokers should be required to report naked shorts immediately, because well they're illegal for starters. So maybe instead, we should actually enforce that law MUCH stricter because we all know most FTD's are naked shorts.