Correction - On page 1, the second paragraph under subhead Key Features should read: Under SEC Rule 15c3-3 Rule Type d2, d3 and h, the entry of either Issue Symbol or CUSIP will be required.
INFORMATIONAL
SEC Rule 15c3-3 Reason Codes
Effective Date: July 10, 2000
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
Reason Codes
SEC Rule 15c3-
All efforts need to be made to protect unexpecting investors from zero sum Ponzi/Pyramid/Greater Fool schemes like Crypto-"currencies"! => Why bitcoin is worse than a Madoff-style Ponzi scheme: https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0
All efforts need to be made to separate legitimate longterm investing from short term, nanosecond gambling. The
What are you people worried about what the retail investors think about short interest now for? This is all a big scam. All the major parts of the government "watchdogs" haven't done a [REDACTED] think. What makes you people think "We" think you all will do a [REDACTED] thing?? It's all wrong and you all know it!! Stop letting these hedge funds break the [REDACTED]
The amount of blatant market manipulation is putting a huge amount of doubts in the US market. As retail investors, we DESERVE transparency in all aspects. If they can see what we're trading, we should be able to see what they're shorting. If the SEC actually did their jobs, we wouldn't be in the situation that we're currently in when it comes to AMC/GME. PLAIN AND SIMPLE.
People should have the ability to protect themselves in cases of market downturns. People understand insurance against unforeseen events. A market downturn just when you need your money is a serious event. People need to be able to buy protection against that. Also, there is plenty of information made available to investors about these funds. The average investor should understand it well enough
I oppose any restrictions on my trading / investing activity. Leveraged and inverse funds are just a fraction of my overall portfolio but play an important role. With the proper rebalancing they can be used as a long term investment. It's easily to learn about leveraged ETF's online or with books. Let the free market decide if leveraged funds are worthy of existing without regulations.
21-19 is a step in the right direction. That being said, IT IS NOT ENOUGH! Far more must be done to expose the corrupt practices utilized by bad actors in the market place. Yes I mean selling shares that do not exist case in point AMC! WITH APPROXIMATLY OVER 1 BILLION SHARES SOLD SHORT! LOOK INTO IT! CITIBANK HOLDS 510 MILLION SHARES FOR FORIEN INVESTORS ALONE. yes do implement the 2119 rule
The public should have the unfettered right to invest at will in inverse funds and leveraged funds and other market traded vehicles. There should be no special training or net worth gates applied.
The insiders, inside firms and big brokerages already have huge advantages in speed, concealment of trading in dark pools, and the ability to short investments easily.
The general public should be able
1) Daily short reporting, not this every 15 days nonsense. If we rob a bank we go to jail, the hedge funds pay a $1,000 fine and go back to work and profiting. 2) No more restricted trading. Blockchain type IDs for every share issued and no borrowing of shares at all. 3) No selling of shares that don’t exist at made up prices. Get rid of the market maker exception. This violates the law of supply
The use of inverse and leveraged funds is an important instrument allowing me to be able to keep the majority of my portfolio goals long term. They support my returns during volatility and many times have greatly enhanced my returns over a short period of time. I use them sparingly, yet they ARE VERY IMPORTANT in my strategies. Buyer beware is in every aspect of our lives, those who get burned
