I believe its governments business to stay out of my business. People who know how to invest should not be hampered with. I oppose FINRAs authority to regulate my investment decisions. I've invested in public securities in the past and don't believe I have to go through a process or test to be approved to invest or day trade.
<p>A person who processes agency transactions by communicating all orders to another firm, which then calls or electronically communicates with the contra-side of the transaction, is not involved in the execution of transactions for purposes of Rule 1032(f) and thus is not required to be Series 55 registered.<br/><br/></p>
As of 11/16/20, Luminex (MPID: LMNX) is no longer a registered ADF Trade Reporting Only (TRO) participant on the FINRA Alternative Display Facility (ADF). For any questions, please contact FINRA Business Services at (212) 858-4342.
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.
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!
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.
In FINRA staff’s survey of quantum computing use cases, several firms indicated that they are examining how they can benefit from quantum computers when conducting various activities, including trade execution, portfolio management, risk assessments and fraud detection.34 Additional firms indicated to FINRA that they are assessing the potential risk quantum computers may pose to current
SUGGESTED ROUTING
Senior ManagementLegal & ComplianceOperationsSystemsTrading
Executive Summary
On July 28, 1994, the Securities and Exchange Commission (SEC) approved an NASD rule change that deals with clearance and settlement requirements applicable to NASD member firms functioning as market makers in The Nasdaq Stock Market™ (Nasdaq) or the OTC Bulletin Board Service (OTCBB®).
The additional restrictions and regulations will impede a "free- market" trading system, distorting true price discovery in public securities. It also puts greater control in the hands of certain parties (with "specialized" knowledge) who will have advantageous and timely access to leveraged and inverse exchange-traded funds. It is not fair to restrict
