With the availability of information over the internet it is no longer reasonable to think that investors are not educated in all aspects of funds trading. Last year a group of talented amateurs was able to commit a short squeeze against major bank holdings that were too sure of their own intelligence. This clearly follows that basis to protect vested corrupt interest to the detriment of the
Comments:FINRA should restrain from limiting access to leveraged funds. These funds are suitable for any investor that understands how leverage can be effective in achieving a financial goal. Obviously these funds are more for short term trading so the trader should be vigilant. Long term inexperienced buy and hold investors are better served elsewhere. Any investor should have access to these
I do not want regulators to limit the use of inverse and leveraged funds to the general public. This would limit my ability to invest using my retirement accounts, in which other investment strategies are not allowed, such as options and short selling. If these funds are straight forward to investors through the prospectus and following current regulations, no other measures should be imposed on
I am a small private investor with a great deal of experience however I might not measure up to your new strict standards.That concerns me as I use these investments as short term hedging vehicles. I shouldn't have to go through a special process to qualify, what brokerages have in place now is very adequate. Your proposed new rules would make these products the exclusive trading grounds of
In regards to more frequent reporting of Short Interest to weekly or Daily, I agree. Some of these rules feel in place from older times. But the technology has advanced so that all sorts of possibly nefarious things can take place within the current period. More frequent reporting just seems like a natural adaptation to how automated and speedy modern trades have become.
Comment Period Expires June 15, 1994
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Executive Summary
The Board of Governors of the NASD is soliciting member comment on a proposed Interpretation under Article III, Section 1 of the NASD Rules of Fair Practice whereby it would be considered a violation of
For 20 years, FINRA’s Trade Reporting and Compliance Engine, known as TRACE, has contributed to reduced trade execution costs, facilitated price formation, aided regulatory programs and protected investors, as detailed in a recent blog commemorating this milestone anniversary. As an economist, I’d argue TRACE’s impact extends. For me, some of the real impact is in the research it has enabled.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt on a permanent basis the pilot program for Market-Wide Circuit Breakers in FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks).
I choose investments based on my own research and situation. With a BS in Engineering and a MS in Science and Technology Management, I believe I am perfectly capable of making my own investment decisions without FINRA's help or interference. Arbitrary restrictions by FINRA is offensive to me - it's like you are trying to only let "well off - rich investors" buy
Is anything going on with regards to investigating ‘meme’ stocks AMC and GME? There is so much fraudulent manipulation of the stock prices I. A daily basis. I’ve seen this for months. I’m no expert but have educated myself to being able to read a stock chart and basic corresponding numbers. Daily - —ladder attacks - buy/sell of millions of shares, or continuous sell orders that are canceled
