While short sales can be an important market mechanic to send signals to protect investors from corrupt or inept corporate leadership, hidden short sales and hidden synthetic short sales work against a free and fair marketplace. If institutional and "big money" investors detect reasons to believe that the future success of a company is unlikely, hiding their short positions at best
The federal gov, from the Federal reserve, Sec, IRS, congress, the White House and finally FINRA talk about protecting the public. We are at the mercy of your actions. Attempting to hedge our losses and find our hedges from the outside looks like complete idiocy. The fed and banks buy each others phony money, causing the markets to go up or down. The gov hands black rock and black stone almost
Its okay for regulators to make regulatory actions on financial markets. However, I have found the proposals of Regulatory Notice 22-08 unacceptable.
First, Finra didnt mention what kind of financial products is complex, which means investors cant figure out what they can purchase prior to making transactions. Second, highly educated or high wealth does not mean you can invest successfully, not
I feel this is a radical proposal that is an over reach of power by our federal government dictating what instruments I can invest in. If FINRA thinks that hardworking Americans are too stupid to invest in these instruments and only the privileged should then it shows the disparity in fairness between the have and have nots.
I use inverse funds on a limited basis on a small portion of my
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
I have been using inverse/leveraged funds for over 7 years now. When I started I was new to trading. I did all the research on the funds as that was my responsibility as a trader. The brokers I use all explained in great detail the risks of trading these types of funds.
Everyone should have the right to trade these types of investments. It should not be based on how much wealth you have.
Dear FINRA,
The recent democratization of investing, manifest in the rise of the retail investor, ability to trade fractions of shares, and the ability for retail investors to invest in a variety of financial instruments, has offered middle and low income people the greatest opportunity to save, invest, and build wealth. We cannot take steps back when it comes to giving people the liberty to
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Executive Summary
Effective June 12, 1995, the Department of the Treasury (Treasury) is adopting amendments to Form G-405, Report on Finances and Operations of Government Securities Brokers and Dealers (FOGS Report), and to Form G-FIN-4, Disclosure Form for Person
I would want all the of these actions implemented and a DAILY accounting of it in both graphing and table form made available for public consumption. I believe that short positions are a part of the market's functionality. However, only 1 level. That is, a true 1-to-1 correspondence of short to stock share. The delivery date MUST be cut down to 1 day without a 'kick-the-can' down
FINRA should provide daily updates on short interest and failure-to-delivers. If that isn't feasible, then at minimum a T+1 timeframe should be implemented. Rampant naked shorting along with a financial toolbox that favors large institutions goes against what a free market is all about. As a retail Investor, I do not have the same means or access to the types of information that larger
