Effective July 1, 2024, The FINRA Product Management department will be renamed to FINRA Client and System Management (CSM). This change will have no systemic effect for users interfacing with FINRA; only the Product Management departmental name and the email link to reach the group will be modified as described in the table below. All client documentation such as FIX, TRAQS,
Raising additional barriers to entry different types of investments runs a serious risk of exacerbating economic inequality. Public knowledge of investing topics has increased dramatically over the last few years as access to the market has improved for general public. There will always be those who choose riskier investments and there will always be those who choose safer investments, but it
OverviewThis guidance is intended to provide direction on key information for a prospective and existing FINRA member firm that is contemplating to engage in activities utilizing an online platform or mobile application.1 Under Standard 6 of FINRA’s Standards for Admission (Standard), an applicant’s online platform or mobile application that the applicant intends to employ for the purpose of
Q1. My firm has been granted an exemption from both the recording and reporting requirements of the OATS Rules and does not currently have an obligation to report to OATS. Does my firm’s OATS exemption extend to the Consolidated Audit Trail (“CAT”) recording and reporting requirements?
A1. No. Neither SEC Rule 613 nor the CAT NMS Plan provide exemptive relief to any class of broker-dealers. As
I am a retail investor and these funds offer me the opportunity to invest in strategies other than long equities. I am also an informed investor. I understand and accept the risks involved. I do not believe that regulation will encourage responsible investing. I do believe regulation will limit retail investor opportunity.
I am in control of my own investments and future. I should be able to take risks I deem appropriate based on my own information and do not want regulators limiting my options. This is an unfair practice and the common investor should have the right to make their own decisions on how they invest.
This kind of regulation will only make it more difficult for the average citizen to achieve financial independence and awareness. This is the kind of barrier that allows institutions to maintain their monopoly on advanced trading tactics and instruments. There is already plenty of information and cautionary warnings in place that any reasonable person would understand their risks.
Comments:its my choice to trade any and all securities including leveraged and contra etfs. The information on its risks is widely available and I reviewed it many times. Its my responsibility. I and we do the Due Diligence as long as full disclosure is provided.
Thank you,
Mirek Wachowiak
Comments:
This is to inform you that there is no need of enhancements to current rules for Brokerage firms. There is already a warning at Brokerage firms and that is sufficient. We know they are short term and monitor them daily. No change is needed. This is in regards to Leveraged and Inverse ETF's. Please do NOT limit access. I depend upon them!
Stop trying to regulate retail investors. Information regarding these securities and other more complex investments is readily available. Nobody forces me to buy leveraged funds and the risks are well documented. You need to worry more about the investment whales that constantly manipulate the daily charts!!
