As someone who works in the film industry, particularly movie advertisement, it's crucial to my career, as well as the many others in my industry that theater companies are free to pursue their clearest path towards profit without external interference from market manipulation. Naked shorting is a direct threat to the entire industry and our jobs. Please consider implementing enforceable
We must end dark pool trading. HFT's are using these dark pools to hide real numbers from the exchange as well as buying shares within dark pool to sell off en masse on the lit exchange (NYSE). While dark pools are legal and we understand it's real purpose of keeping large investor information off the market until their buy in has settled, it has turned into a way to disguise corruption
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Section 4 of Schedule A to the FINRA By-Laws to: (1) revise the fee for the Regulatory Element of continuing education (“CE”); (2) establish the fee for individuals who elect to maintain their qualification following the termination
Summary
FINRA warns member firms of an ongoing phishing campaign that involves fraudulent emails (see sample in Appendix) purporting to be from “FINRA Membership” and using the email address “[email protected]”. The email asks the recipient to respond to an issue of “regulatory non-compliance for which your immediate response is required” and then asks the recipient to click on a link or
This seems ill designed to solve the problem. Another self reporting requirement is not going to help. There will just be more reporting violations that don't change the bad behavior we're trying to deter. FINRA and the SEC should build onto or leverage this with their FINRA CAT. There are far too many rules and many seem not to be designed very well; scrap those rules and outdated
It is in the interest of anyone investing in the market, as well as for those with retirement accounts for there to be an improvement in the reporting of short interest, and of its sources. At this time it is common for stock prices to be determined not by the foundational performance of the company that it represents, but rather by whether hedge funds or other investment vehicles have decided to
After investing for a little over 10 years, my most successful years are when I started investing in leveraged ETFs. Eliminating the leveraged ETFs from the choices of investment vehicles is the wrong decision. Yes, leveraged ETFs are volatile, but so are individual securities, mutual funds, and options. I understand the volatility when I invest in them and assume the risk myself. Investing in
Comments:You will be surprised to see how well we understand leveraged and inverse leveraged ETFs. There is a lot of information on the internet about it and we do our research. Sure, we dont have the connections that the big boys on wall street have or their multimillion dollar accounts but we do understand the markets and the problems with inflation we are having right now.
Besides, even the
Free markets are the hallmark of a free society. However, freedom is not a privilege of the few or those with a series 62. It is the right of all to invest in those instruments that meet their financial needs including the ability to hedge. Leverage and hedging provide me a way of allocating capital, managing tax burdens, and stabilizing returns. As a data scientist with an MBA in finance,
I'd like to see the ability to hide naked shorts in options taken away, as well as meaningful penalties for breaking rules (fines as a percentage of valuation, turnover of profits made in such a way, etc.). It would also be nice if the dark pools weren't watched over by people with gross conflict of interest. Finally, some actual oversight of shorting would be good (no more self
