I strongly oppose this measure. People must have the right to freely trade investment products at their own risk and based on their own research. If an individual decides to blindly accept a financial institution/advisor's trading recommendations then that individual could lose significant amounts of money regardless of whether or not leveraged or inverse exchange-traded products are
Summary
The purpose of this Election Notice is to notify members of an upcoming election to fill two large firm seats and one small firm seat on the National Adjudicatory Council (NAC), and to announce the FINRA Nominating & Governance Committee (Nominating Committee) nominees for these vacancies. Eligible individuals not nominated by the Nominating Committee who obtain the requisite
Although I am opposed to restriction of access to complex investments for anyone, I fully support efforts to ensure that consumers are provided full disclosure in layman's/non-financial-professional terms about the complexities and risks that may effect their investing and investments. Many reputable major brokerages seem to do a decent job of providing investor classification and risk-
First of all, thank you for letting me know about this. I know enough about leveraged and inverse funds and am constantly dealing with their risks. And I am constantly striving to acquire for a lot of knowledge and information. Therefore, I oppose any restrictions or other testing measures on my investment rights. Currently, the leveraged stocks I focus on invest in because they are made up of
TLDR. I got an idea, instead of pretending the stock market is not a casino under house rules FINRA should explain the house rules in a 1 page document that everyone can read. The rules should include which parties can naked short sale with ridiculous margin on which stocks, which stocks will permanently cyclically fail to deliver and why, and why the DTCC has an obligation warehouse that the
It feels like all these additional hurdles and restrictions are being considered to benefit the larger hedge funds and money managers and restrict individual investors from access. I have always been able to choose the type of investments that are right for me and my family, I understand the risks as well as benefits to investing. I am an adult and would like to continue the freedom of choice in
Beginning with the June 2009 reporting period, FINRA is issuing a preliminary version of the OATS Compliance Report Card in an effort to provide firms with more timely information regarding their overall OATS compliance performance.
All reports should be consolidated for all markets in one location where it is easily accessible to all investors. FTDs should be reported daily and should be required to be cleared within a a T3 timeline without exception. Short positions and changes to those positions should be reported daily and that information should be made available to all investors no later than the next business day
Beginning Monday, November 6, 2023, as described in Regulatory Notice 22-28 FINRA will require firms to report transactions in U.S. dollar-denominated foreign sovereign debt securities to TRACE.
FINRA has updated the TRACE Web API Specifications for Corporate and Agency Debt and the TRACE OTC Corporate Bonds and Agency Debt User Guide to align with these changes. As noted in the Regulatory
LETFs are indeed complex investment instruments but I believe current disclosure requirements are more than sufficient for investors to remain informed about the products they are buying. Limiting the purchase of LETF products to accredited investors or requiring financial literacy tests to purchase only puts unnecessary roadblocks in place that are easily circumvented. Enforcing one day holding
