Hello,
I have traded stocks as an individual retail trader for 20 years. I trade in a very short term and responsible manner, and supplement my retirement account using this method.
As a licensed hairdresser by trade with no college education, I have earned the bulk of the money I will retire on trading triple leveraged etfs successfully. Removing my ability to trade these tickers would severely
I strongly oppose any restriction to invest in leveraged and inverse funds.
Anyone should be FREE to make their own decisions and take their own risk for any investment one deems appropriate for their circumstances.
Leverage and inverse funds are an excellent tool to hedge against stocks and market risk and also to enhance returns in the short run as well as in the long run.
Implementing
I have been investing - on my own using my own methods - for over 30 years and don't need the Government to tell me how to do it. I fully understand the risks of leveraged and inverse funds and us them diligently as part of a balanced portfolio. I do not need additional regulation imposed on me. In fact, it is my current positions in leveraged inverse funds that is protecting me in the
As an amateur investor, I find leveraged and inverse funds to be a huge help in complementing my investments and hedging against falling markets. I am WELL aware of the risks associated with leveraged and inverse funds, as my broker often posts warning statements on the trade screens when I buy these funds. Leveraged and especially inverse funds offer me an "all in one" product that
With a margin account, you can borrow funds to purchase securities; with a cash account, you cannot. With a cash account, you’re expected to pay the full amount for all securities purchased by the settlement date—which, for most securities, including options, means paying for them one day after you place an order to buy.The name "cash account" causes confusion for some investors who
Thank you for the opportunity to appear today to discuss the important work that the Financial Industry Regulatory Authority, or FINRA, is doing to fulfill our mission under the federal securities laws to protect investors and safeguard market integrity while facilitating vibrant capital markets.
Summary
FINRA is issuing this Notice to provide guidance to member firms regarding suspicious activity monitoring and reporting obligations under FINRA Rule 3310 (Anti-Money Laundering Compliance Program).
Questions concerning this Notice should be directed to:
Victoria Crane, Associate General Counsel, Office of General Counsel, at (202) 728-8104; or
Blake Snyder, Senior Director, Member
Since Monday, December 5, 2022, FINRA had experienced an issue with ORF clearing messages for transactions that are cancelled, corrected, broken or reversed and thus caused duplicate settlement messages and incorrect settlement amounts for those transactions.
FINRA has resolved this issue and the software fix will be in production starting Thursday, December 8, 2022. Beginning December
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Senior Management
Institutional
Legal & Compliance
Options
Trading
Executive Summary
Through this Notice, NASD Regulation, Inc. (NASD RegulationSM) is establishing an interpretation that National Association of Securities Dealers, Inc. (NASD®) Rule 2860(b)(3) options position limits apply with respect to options transactions that are intermediated
As previously announced, FINRA is introducing changes to the current Trade Data Dissemination Service (TDDS 2.0). protocol and structure.1 These changes are being made in concert with FINRA’s technical infrastructure upgrade, and TDDS clients must accommodate them by December 5, 2022; as of that date the current TDDS 2.0 version will no longer be supported. FINRA is offering testing for
