I trade both stocks and options and want to keep the government out of my trading.
Activities requiring registration as an Equity Trader.<br/>
As part of its Transparency Services improvement initiatives, beginning in December 2022, FINRA will re-platform the FINRA OTC Reporting Facility (ORF) to a new Linux-based operating system.1 This update is in addition to the Trade Data Dissemination Service (TDDS) protocol changes FINRA previously announced.
ORF currently supports timestamps up to milliseconds. Effective December 5, 2022, ORF
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I am a long term, experienced investor and have been involved in many different trading types and styles. I understand the risks involved in leveraged trading and inverse funds and therefore reserve the right to continue to trade these.
I some times use leveraged funds when I can see that a market is heading in a particular direction to help boost my portfolio and very rarely have more than one
I would like to know what prompted this decision ? Since leveraged and inverse funds are publicly traded I should be able to make my own decision whether to purchase these funds or not. I don't need to get special training or show competence to trade what I want. The whole last year, the ONLY fund I have used has been TQQQ. If this regulation is passed, I pretty much have to stop
Please do not limit the average person's ability to trade leveraged and inverse ETFs. Add an option requirement like options if you must, but please do not take away yet another tool less wealthy investors can use to maximize the value of their trades. Risk is an inherent part of the market and just because something is risky does not mean that it can't be understood by the
The type of products able to be traded by retail shouldn’t be limited. Disclosures on inverse and leveraged funds are ok, but restrictions on trading will make markets less fair as hedge funds and banks would still be able to trade the products.
The same goes for options. I went out and spent the time and effort to understand various complex options strategies. I should not be punished for the
SUGGESTED ROUTING*
Senior ManagementLegal & ComplianceOperationsSystemsTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On October 26, 1990, the Securities and Exchange Commission (SEC) approved the risk management functions of the Automated Confirmation Transaction (ACT) service. ACT risk management began operating Monday,
My brokerage firm required me to listen to a statement detailing the potential risks for options before I could start trading them. Since options can similarly be used to achieve leverage or inverse returns, I think this is a reasonable requirement for trading in leveraged/inverse funds. At the end of the day, higher expected return comes hand in hand with greater risk. If a given investor isn
