Published January 5, 2024.Updated July 10, 2024.*On May 22, 2024,1 the requirements relating to Covered Agency Transactions, as amended pursuant to SR-FINRA-2021-010,2 went into effect. “Covered Agency Transactions,” as defined more fully under amended Rule 4210(e)(2)(H)(i)b., are (1) To Be Announced (TBA) transactions (inclusive of adjustable rate mortgage transactions) with settlement
I have enough net worth, risk taking capability and knowledge to trade complex securities. Everyone should have the right to trade in a free market. Not sure who you think is stupid to not be able to trade.
1. For purposes of the SEC Large Trader Reporting Rule (SEA Rule 13h-1), what is the format of the LTID and the optional suffix?
2. For purposes of the SEC Large Trader Reporting Rule (SEA Rule 13h-1), how should Unidentified Large Traders be designated?
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In light of the recent outbreak of coronavirus disease (COVID-19), FINRA continues to review its pandemic and business continuity plans to ensure continuous operation of FINRA’s facilities for the reporting of OTC transactions in equity and fixed income securities (i.e., the Alternative Display Facility (ADF), the OTC Reporting Facility (ORF), the Trade Reporting and Compliance Engine (TRACE) and
FINRA is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List for the first quarter of 2021. This updated list of OTC equity securities eligible for trade report dissemination for trades of fewer than 100 shares is effective as of June 25, 2021. To view changes, visit the Daily List: Security Attribute Changes page, select the “Unit of Trades” filter and enter June 24, 2021
Summary
This Notice announces, effective immediately, clarifications of interpretations of FINRA margin requirements regarding day trading (Rule 4210(f)(8)(B)(ii)).
Questions concerning this Notice should be directed to:
James Barry, Director, Credit Regulation, Office of Financial and Operational Risk Policy, at (646) 315-8347 or by email;
Joseph David, Principal Specialist, Credit
Options typically trade at 10x or more leverage depending on strike price. Leveraged and inverse funds trade from 2x to 3x and do not expire. If investors are no longer allowed to use leveraged and inverse funds, they will simply trade options which are even riskier than leveraged funds. Additionally options often expire worthless. Banning leveraged and inverse funds simply signals to investors
Trading leveraged ETFs should be treated as other stocks without limitations. First, trading leveraged ETFs is a way to use less expenses but protect one's assets under risky environment if one doesn't know how to trade options. Secondly, while options require approval and have different levels, leveraged ETFs do not have same attributes as options such as losing all premiums or
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