By Robert Cook, President and CEO, FINRA. In October 2023, the SEC adopted Rule 10c-1a, which is intended to enhance transparency in the securities lending market. In effect, the rule requires market participants to report securities lending transactions to FINRA, and requires FINRA to adopt rules establishing a system to facilitate such reporting and to publicly disseminate specified reported loan information. Earlier this month, the SEC approved the required FINRA rules.
Please do not add restrictions to my right to invest in securities that I feel fit my personal portfolio. I have traded securities for several years and know the risks involved with leverage.
I value my right to make my own responsible investment decisions without unnecessary regulatory trading restrictions & regulation. Please leave my risk taking choices alone!
We are not children who need big brother to watch over our investment decisions. We live in a free country that promotes free trade void of governmental over reach!
When you buy or sell stocks, bonds and other types of investments, there are costs associated with doing so. Costs may also come with managing or simply maintaining an investment account. These costs can add up, so it’s important to understand and manage them.
FINRA continues to monitor clearing submissions from the December 5, 2022 ORF release and subsequent updates. FINRA encourages ORF firms to closely monitor their clearing trades and to work with their clearing firms if needed. Please contact FINRA regarding any inconsistencies or questions.
Mr. Chairman and Members of the Committee: NASD would like to thank the committee for the invitation to submit this written statement for the record.
I am totally opposed to this proposed rule. I use this products and very much educated about its risks. We as investors should have the right to choose which investments to trade on.
This regulation is extremely harmful to investors. With proper education, many investors can learn to trade these equities safely just like other investment. Have regulations hurts the nature of these investments
As a retail investor I cannot say I'm happy with the whole financial system with stock market. Everything we buy and sell is reported instantly. Our positions are transparent to any market maker or institution. All we ask for is full transparency on all transactions that occur in that trading day. In today's age we should be able to track and barcode every share that is available in a
