TO: All NASD Members
ATTENTION: Trading DepartmentsBranch Office Trading Locations
On April 1, 1982, the NASD announced the commencement of real-time transaction reporting under Schedule D of the Association's By-Laws for certain NASDAQ securities that have been designated National Market System (NMS) securities. Since inception, the Association has been monitoring transaction reporting in
FINRA reporting should fully cover all positions held in publicly traded companies. The reporting period should follow the standard settlement period. All reporting should be made available to the public within 2 hours of market close on a daily basis. All positions, including short positions should be required to be included without exception. Failure to accurately disclose a short position in
Please do NOT restrict my ability to freely trade leveraged and inverse funds to maximize my investment potential. I'm using these funds to increase funding for my retirement.
I have 25+ years of experience of investing in different types of securities including creation of my own complex investments. I strongly oppose the idea of restriction of trading of complex products.
I fully oppose any regulations upon access to trading, investment products, and other aspects designed as protection. I particularly oppose restrictions based on net worth as that is totally unfair.
I strongly disagree with this attempt to limit investors options. There wasn't any requirements for us to trade these leveraged instruments and there shouldn't be any now. That's what we have disclosures for.
Leverage is inherent in a large and growing segment of financial trading. I.e. options of all stripes and color - To penalize leverage funds is arbitrary and unfair as this is selective enforcement Tom DiMayo
Stop all shorting. Stop ALL insider trading make it a minimum 100K dollar fine.
Then the rest of us would be ok if the wallstreet people weren't allowed to short.
Please allow me to continue trading leveraged investment products. They are integral to my investment strategy and allow me to safeguard my portfolio more than unleveraged products.
Comments: I have been trading stocks and options for more than three decades and believe that education of the public and a understanding of the complexity of that asset should be explained prior to purchase of that asset.
