As a retail investor, who has been actively trading in the last 2 years and these regulations are very much targeted at, I do not agree with the proposed rule/guidance changes. FINRA has already placed many barriers to retail investors in the form of PDT rules, $25k capital requirements, etc. At no point in my journey as a new trader have I felt that the restrictions benefitted me or protected me
It is of utmost importance that people have the full freedom to deploy their money into whatever they want without major obstructions.
As it is, to protect investors, ETFs already have disclaimers, which spell out the risks. In addition, some broker accounts won't even let investors buy some ETFs or penny stocks unless the risk profile is set to be "aggressive".
When
I invest in Leveraged ETF Options as a strategy and occasionally in the Leveraged ETF's themselves. I have been doing this for over 15 years. I have achieved a net profit every single year since I’ve started using them regardless of whether the market is up or down. I strongly believe that I should be able to choose the investments that are right for me and that all public investments
I know for sure that having specialized rules and red tape for complex leveraged and inverse products does not actually reduce the risk faced by retail investors. Access to leverage can even be used to reduce risk in an overall portfolio, as numerous other commenters have noticed. When implemented as part of a well planned strategy, leveraged and inverse products can provide crucial diversifying
On November 15, 2021, the FINRA equity trade reporting facilities (the Alternative Display Facility, the FINRA/Nasdaq Trade Reporting Facilities and the FINRA/NYSE Trade Reporting Facility, through which member firms report OTC transactions in NMS stocks to FINRA1) will begin supporting timestamps up to nanosecond (HH:MM:SS.sssssssss) granularity in accordance with amendments to FINRA’s equity
As long as the investment vehicles are legal, legit, and risk fully documented, I see no issues in letting a typical / average investor make their conscious investment decision. I OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST. As an average investor (Im currently using/ investing in proshare shorts/long 3x etf), I find most information available online and typical financial professionals discussed
"Protecting us from ourselves" -- i.e., barring us from choosing to take a on position of high risk and high reward -- has no place in America, especially in an area so obviously volatile as the equity markets. Existing regulations well protect us citizens from being duped. Adding regulations to try to protect us from financial losses is a patronizing fool's errand, which will only
Myself and my partner should be able to choose the public investments that are right for ourselves and our family. Public investments should be available to all of the public, not just the privileged. We both enjoy the complexities of the stock market and the option to invest in what we see fit. Please do not limit those of us who have fought for this country (I am a Veteran) and too often do I
FINRA Expands the Order Audit Trail System to All NMS Stocks
NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change relating to a phased implementation of SR-NASD-2006-104, which was approved by the Commission on November 21, 2006. Specifically, NASD is proposing to implement on December 20, 2006 amendments to the Plan of Allocation and Delegation of Functions by NASD to Subsidiaries (
