FINRA 21-19 is a long overdue change. The market is a nonsensical mess as a result of the outdated "regulations" and lack of proper enforcement. You've encouraged a system that promotes Loopholes. Regulatory Notice 21-19 NEEDS to be sweeping across all aspects of reporting and closing and holding and marrying or whatever other terms or strategy's relate to Shorts and Reporting
Summary
FINRA has adopted amendments to the Rule 6700 series (Trade Reporting and Compliance Engine (TRACE)) to require members to report to TRACE transactions in U.S. dollar-denominated foreign sovereign debt securities. The amendments will take effect on November 6, 2023.
The amended rule text is available in the online FINRA Manual.
Questions regarding this Notice should be directed to:
These changes cannot be made soon enough! We need all the SI data we can get - consolidated data that’s publicly available AND (not alternatively,) more granulated data should be provided to regulatory agencies. FTD’s should be publicly reported, and actors should be punished when FTD’s occur. This should include criminal prosecution where FTD’s are due to chronic malpractice and/or price
I as an American citizen should have the right to invest in anything that I wish. I've allredy started investing in regulation A+ stocks because of the reforms that were made.its not right to take this opportunity from regular and poor people because we are regular and poor. such regulations would only serve to keep us regular and poor. this isn't right and must be stopped. thank you.
Regulators should not have the right to impose any regulations on any American citizen that is investing their hard earned dollars into any stock of their choosing that they feel will benefit their future and the future of their family. The government benefits from capital gains taxes imposed on us already. To take away or regulate how we choose to use our money goes against our rights as an
I do not support this regulation. I trade stocks for a living and these vehicles are vital to my ability to make a living. Regulations restricting leveraged and inverse funds are onerous and unnecessary. There are more than enough disclosures required by brokers that can inform the retail investor. These actions will only enrich an already highly-profitable financial industry through the forced
These types of funds are a very important part of my investment portfolio. While they do not make up the majority of my investments, they allow me to choose exactly how much equity risk I expose myself to. In addition, these funds are often safer long term investments than individual stocks. I implore you to maintain the American freedom to invest in the ways we think are best.
I am absolutely apposed to the limitations on my investment. I should have the right to choose to invest whether in inverse stocks or not, instead of the regulators attempting to create a stronghold and strongarm to force citizens to do what they want.
We are in a free and democratic republic, and I refute the Marxist, communities agenda, and say NO to their attempt to give the rich more leverage
This is not freedom. We do not need the FINRA restricting what securities people can buy or sell. We saw issues with Gamestop stock for example. The playing field should be level. It's even possible that people use outside the box trades, such as covered calls on TQQQ due to the high volatility and holding over time, arguably a reasonable approach given enough timeline.
Leveraged index ETFs such as QLD and QID are an important part of my portfolio. Unlike regular stocks, one has to only track market level for buying and selling these funds and therefore do not need a lot of analysis before investing in them in order to achieve enhanced returns. I believe they should be freely available for trading to the investing public without unnecessary regulations. Thank
