Regarding section D. "Information on Allocations of Fail-to-Deliver Positions" in the sections marked as "Identify of correspondent firm" and "Amount allocated to correspondent firm (number of shares). I believe that what constitutes a "Correspondent firm" and who this refers to exactly need to be more accurately defined in order to avoid misreporting or
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to provide members with additional time to migrate their trade reporting processes to connect to TRACE through a permissible means other than Computer-to-Computer Interface (“CTCI”).
I hope it is not true FINRA is going to restrict trading in leveraged and inverse ETFs. I have used this vehicles for financial planning for 15 years. They just one of many invaluable tools to be used in certain situations. There are risks in EVERY investment. Leveraged funds get a bad rap, but if you study the math, it is really unjustified. Yes, they have higher fees, which can be an
I definitely do not want FINRA to make any changes to Proposed Rule #22-08. Public traded funds need to remain public. This almost reminds me that I may not be ELITE enough to participate in what has always been available to the public. The thought of being tested to see if I know enough about these funds is ludicrous. I don't believe that FINRA should be awarded this kind of control over
This proposal reeks of special interest and lobbiest trying to eliminate these trading products from the retail investor so that only the "pro" traders have access.
I use these products to protect, and hedge my wealth from episodes like the 2010 flash crash. Taking away the tools that allow me to protect my account from predatory traders is akin to giving these parrasities the
I have never met anyone who thinks investing has no risk. People are by nature very protective of their assets, so give them credit for knowing how to manage risk. My broker already makes me read a disclaimer regarding risky or complex securities every time i seek to trade one. Placing restrictions "protecting" retail investors and traders from themselves inhibits them from the same
I should freely be able to choose how I invest my hard earned monies. Bank interest is ridiculous. There is no reason to have a savings account.
To try to keep up with inflation a trading account is a better option. With all the volatility, I think it is smart to use the inverse and leveraged funds.
If I want to retire from physically working I need other options and at my age buy and hold does
Dear Sir,
I was made aware of the possibility of trading restrictions being placed on inverse and leveraged investment vehicles.
Using these types of investments allows me to safe guard my portfolio from market declines without having to liquidate my primary investments using only a small portion of my capital. I prefer them to options as I don't have to worry about expiration dates.
Leveraged and Inverse funds allow investors who are not wealthy enough to participate in hedge funds to manage their portfolio risks. By removing or limiting access to these funds FINRA would hurt us common investors and once again cater to the richest people and large institutions under the charade of protecting the common investor. All that is required is that a warning be provided every time
Dear Sirs,
I believe it is my right as a free American to choose publicly traded investments I wish to invest in. This right should not be for the ultra rich only. I am capable of understanding leveraged and inverse funds and the risks involved. I believe we are having too many restrictions imposed on us (US citizens) and this must stop. Where I invest my money is my business and I should be
