Comments: Please do not limit investors' ability to trade "complex products" including leveraged and inverse funds. These products are not confusing. If you want to make sure investors are aware of what they are investing in then have them read a waiver in advance. Otherwise, there should be no restriction on what a private investor should be able to invest in in this manner.
The Municipal Continuing Disclosure Report displays statistics about transactions that your firm effected with customers. The report provides relevant information about the availability of official statements, annual financial filings, and event filings on the MSRB's Electronic Municipal Market Access system (EMMA) at the time the securities were sold or purchased. Specifically, the report
If we are to have a fair and free market it must be available to all, regardless of economic, socioeconomic and educated position. Such legislation to limit trade ability would affect individuals unequally, making market success available only to those already at an advantage. If our stance is truly a fair and free market, this legislation should not pass!
Leveraged and inverse funds are important part of risk management. These funds make it possible to use a small percentage of capital to risk manage the other side of a trade. There are plenty of SEC / FINRA regulation as well as documentation on investments to understand the risk. Should investors ignore reading the documents of any and all investments that is the investors choice.
Please do not restrict individual investors from using leveraged ETF's. These are useful short-term trading tools and are a small part of my investment account. We have already accepted the risks from our brokerage notification. This avoids using even riskier options or futures to get a higher return to fight inflation.
The proposed regulations would unnecessarily infringe on my freedoms to contract privately on financial matters based on my own discretion. Leveraged and inverse funds are an important component of my trading strategies, and I should not have to disclose or satisfy any particular financial means or investment knowledge tests to enter into financial transactions in these products.
What I have witnessed over the past year or so that is going on with stock $GME and $AMC is on a whole different scale. I was new to trading until I got involved signing up with RobinHood earlier in 2020. During that time I wanted to buy in to $GME and was blocked from doing so "for my own protection." essentially missing out on hundreds of dollars or more. I have seen unknown entities
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Internal AuditLegal & ComplianceMunicipalOperationsSyndicateSystemsTrading*These are suggested departments only. Others may be appropriate for your firm.
The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 14, 1991. On this day, the Nasdaq system and the exchange markets will be
The national options exchanges are closing at 1:00 p.m. Eastern Time (ET) on Friday, November 29, 2019 (the Friday after Thanksgiving), which will modify the exercise cut-off time for expiring options. FINRA reminds firms that pursuant to FINRA Rule 2360(b)(23)(A)(viii), if a national options exchange or The Options Clearing Corporation announces a modified time for the close of trading in
I’m addition to these proposals, I would like to see stricter enforcement of the Securities Act of 1934 as it pertains to fictitious trading and spreading rumors as a method of price manipulation. As well as stricter rules for dark pool markets. Thank you for everything you do.
