I oppose adding restrictions to trading financial products deemed "complex" because people are ultimately responsible for managing their own money. Regulating these products would make it harder for people to maximize their returns, hedge, and speculate. Speculation is much maligned, but ultimately, it keeps markets efficient and people should have ready access to high-risk/high
Dear Regulators,
Individuals should be free to invest how they wish, without regulator claiming they know better. The legislation to ban certain types of trading to individuals limits their freedoms. There should be no expectation of tests, net worth, etc. The only requirement should be if someone has money, and wants to invest it. Leveraged funds and inverse funds are the only option for some
FINRA members that trade securities listed on the NYSE ("Tape A"), Amex and regional exchanges ("Tape B"), or Nasdaq ("Tape C") in over-the-counter transactions reported to the FINRA/NYSE Trade Reporting Facility may receive from the FINRA/NYSE Trade Reporting Facility transaction credits based on the transactions attributed to them. A transaction is attributed to a
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Senior Management
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Executive Summary
The NASD® is publishing a direct participation program (DPP or limited partnership) directory in anticipation of the quotation of DPP securities on the OTC Bulletin Board® Service (OTCBB®) and the commencement of trade reporting of transactions in DPPs on May 15,
I should be able to choose the public investments that I determine right for me. While I appreciate the regulators intention, they should not infringe on the retail investors RIGHT to trade all publicly traded funds when the risks are well known. Inverse funds are an important investment strategy for me, especially in times of a bear market. Sorry, not my fault it isn't working out for the
This is an unconscionable infringement on my rights as a free person and an unwarranted and irresponsible interference in the marketplace. Learning to manage risk is the first lesson learned by an investor. Those techniques are just as effective for 'complex' trades as for 'non-complex' trades. This is an attempt to create a distinction where there is no significant difference
(a) When and How Transactions are Reported(1) OTC Reporting Facility Participants shall, as soon as practicable but no later than 10 seconds after execution, transmit to the OTC Reporting Facility, or if the OTC Reporting Facility is unavailable due to system or transmission failure, by telephone to the Operations Department, last sale reports of transactions in OTC Equity Securities executed
We need the rules to actually be enforced and market makers not able to use dark pools for anything other than non-predatory market making functions. Transparency and accountability are really the primary thing. Selling order books that show liquidation prices of individual investors is insider trading. Check every single futures chart and you will find impulse retracing liquidating people at
Free trade is free trade. I use inverse leveraged funds to help hedge my portfolio. In these volatile markets these are necessary tools to mitigate your personal risk. I shouldn't have to go through any special process like passing a test before you can invest in public securities, like leverage and inverse funds. I completely understand leverage and inverse funds and their risks. Public
I have only one thing to say to FINRA....the ONLY thing I need protection from is YOU. Stay out of my life, my wallet, my house and my neighborhood. I don't need protect6ion from myself. I can read. I know that leveraged ETF's are daily trading vehicles. I know because I am literate and I trade them ALL THE TIME. If I lose money it's MY FAULT not Proshares. Stay
