Dear Sir or Madam,
I am writing to express my fear and displeasure in relation to the regulations being considered by FINRA that would prevent investors like myself from accessing products like leveraged ETFs.
I have worked for a decade in the financial industry designing systematic financial products and am a CFA charterholder.
I, like many others, have held positions in leveraged investments
Gamestop and many other stocks have been and continue to be a target to illegal naked short selling that needs to stop, protect the retail investors and companies from crooks and cheats that use illegal practices to stay rich and keep the poor broke as well as drive companies that do good in the world into the ground. Get rid of PFOF, insider trading, politicians having any part of trading, dark
I'm just a lower-middle class investor. For the most part, the general public should be allowed to invest in inverse and leveraged funds as long as the companies providing them aren't out to scam the public with unreasonable and/or suspicious tricks. If there is something unusual about a fund, a brief-to-the-point and clear explanation, avoiding double-negative language,
The tools of an investor to offset risk through the use of some of the inverse or short funds could substantially impact their ability to mitigate losses. Investors need to understand the risks involved in EVERY product, including publicly traded stocks. ALL investments carry risk, every single one. The Boards ability to define who is knowledgeable or not is overstepping their scope of regulation
Proposed Rule Change Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting
I have traded in this market for DECADES and it has come to my attention since being out of work how much naked shorts, market manipulation and price spoofing and lastly killing any signs of a increased stock like AMC its criminal. Ive alerted my attorney and am very unhappy . Im sure the institutions are doing what they need to protect itself but myself and others have came in the middle of a
Hi, These detailed changes are very important for a lot of people. They would leave the market as a much more transparent way to invest as there would be less reliance on rumour surrounding primarily short interest and synthetic shares. The companies involved in these large amounts of share borrowing would be much more open to legal action as illegal activity would be more obvious. These changes
Summary
Effective May 14, 2022, the Section 31 fee rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets will increase from its current rate of $5.10 per million dollars in transactions to a new rate of $22.90 per million dollars in transactions.
Finance-related questions should be directed to Amanda Rath, Manager, Finance, at (240) 386-6637
I feel that the current system of allowing Hedge funds, and wealthy investors to run rampant on Wall Street shorting stocks into oblivion only to slight the retail investor. Overleveraging themselves into positions based on pride and ego and then expecting the American Taxpayer to foot the bill when they go bankrupt and lose people's retirement and 401k is absolutely appalling. Selling
