As long as people can go lose fortunes in Vegas, its absolutely asinine for you to try to tell people what they can and cant invest in. In Vegas, you're virtually guaranteed to lose money.. whereas with an investment, at least there is a calculable probability of profitability.
Summary
Member firms are increasingly using third-party vendors to perform a wide range of core business and regulatory oversight functions. FINRA is publishing this Notice to remind member firms of their obligation to establish and maintain a supervisory system, including written supervisory procedures (WSPs), for any activities or functions performed by third-party vendors, including any sub-
As part of FINRA’s program to monitor firms for compliance with the SEC’s Regulation M, FINRA’s Market Regulation department reviews over-the-counter (OTC) trading and quoting activity for prohibited purchases, bids or attempts to induce bids or purchases during the applicable restricted period, and for prohibited short sales during the five-day period prior to pricing the offering.
I'm curious. Since it is my understanding that you intend to limit investing to those with ample funds to invest and what you deem to be a good understanding of the investment markets, to protect people from themselves, will you do the same for the online gambling industry? People have been known to lose fortunes there too, not to mention traditional casinos.
All investing options should be open to people willing to take the risk. It is amazing the overreach that our government would like to put on it's citizens. But if you are connected or in political power, you can amass a tremendous fortune off of the knowledge and inside information. Do something constructive, put us back on the gold standard and enact term limits on politicians.
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
My investments, small as they may look to you, are made by a man who accepts the consequences of his decisions. This authority--appalled at my willingness to sit at this table and envious of the fortune it has brought me--wishes to rid me of both. It is absurd. With the false claim of protecting my money, you would rid me of my purchasing power by denying me the right to purchase.
SUGGESTED ROUTING*
Senior ManagementInternal AuditLegal & Compliance
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) has issued Release No. 34-28347, containing proposed amendments to Rule 15c3-1 (the "Rule") with respect to withdrawals of net capital. The proposal would expand
SEC Approves Amendments to FINRA Rule 4210 (Margin Requirements) to Establish Margin Requirements for Covered Agency Transactions
Look FINRA, I can decide the right type of investments for me. I'm have made a large sum of $$ on complex investment vehicles and leveraged index ETFs. I don't need you to tell me where I can and cannot invest.
Yes, I am one of the privileged, but that doesn't mean that I should be permitted to invest in equities that other less fortunate and educated people
