As prepared for delivery.
Good morning. First let me thank Martin Baily for the invitation to talk with you this morning. Martin, I also want to commend you for the work you do here in Washington to bring about a greater understanding of business and the economy and, specifically of financial regulation.
It’s a pleasure to be here today to participate in this important discussion on the role of
its my duty as an investor to understand the risk and rewards. Why does someone with more net assets have to have more knowledge then me, sure your saying that becuase they have more assets they can diversify more but they can make the same mistakes as anyone else. I shouldnt have to pass a test to buy a stock, if I dont do enough accurate erase arch it should be on my just like any other stock
I am not an expert in investments, but I understand how the stock market works. It is my decision to invest a part of my savings in the stock market, I think its one of the liberties of this beautiful country. Plus, I think I will gain more money in the long run than what the banks can offer me. Surely my money in the bank will lose value everyday with inflation. I hope these restrictions are not
To All elected officials-
Investing in funds that I believe is in my best interest is very important for me. Please do not tie my hands on my money that I worked very hard for. My investments are my business. This is a free country that I fought for. Lets make sure it stays that way. This needs to be treated like any other stock. All investors know that all stocks are a risk. To make it clear
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Executive Summary
On August 9, 1995, the Securities and Exchange Commission (SEC) approved a new Interpretation to Article III, Section 1 of the Rules of Fair Practice that prohibits a member firm from purposefully adjusting an inventory position in a particular security in anticipation of
US citizens should be allowed to invest as they wish. Regulation is nothing short of communism.
Dont do it, unless you want to fix naked shorting and synthetic shares
Leveraged and inverse funds are important to my investment strategies. They are no different than other basic public stock investments. They further allow me to hedge the risks associated with individual stock purchases. I am fully capable of understanding leveraged and inverse funds and their risks. Once again it appears such rulings are meant to intrude on my ability to freely trade and invest
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The NASD published the following Notices to Members during 1989. Duplicate copies are available at $15 per monthly issue.
I think everyone would agree the Dark Pool trading reporting, The Citadel Connect routing their own "dark pool" being reported on and things regarding anything dark pool related would be a great place to start, as of now the data isn't close to the whole picture. Leverage, actual leverage, not HF's hedging positions hiding shorts through hedged calls and puts, hiding shorts
