Comments: I think providers of leverage and index funds are doing a fantastic job warning about the risks. Instead of handcuffing us with this ruling, perhaps make the training and certification more rigorous? Better idea, how about you stop Congress from being able to have unfair trading practices before you start interrupting the retail investor?
You should not be changing rules and who can invest just because something is complicated. The people are not requesting this change. Its my choice, to decide what I want to invest in and my personal responsibility to learn how to do it. We the people dont need to have the ability to do this investing of our own money on our own terms taken away.
We the world are all watching you, the SEC, DOJ, and for that matter our Government. We are tired of being taken advantage of, before you limit what I as a retail investor can buy can you propose and pass limiting how much Im taxed or the company I own to say 5%? I know absolutely absurd, just like your proposed rule.
The stock market is a crap shot. Volatility has increased tremendously since the DOWN TICK RULE TO SHORT was removed. Whether you buy a leveraged/ inverse fund or NETFLIX, AMAZON, or commodities, they all go up and they all go down. THATS THE GAME. Diversity isnt working now either with bonds AND stocks trading lower. Thats the game.
<p>Rule 11210(a)(3) does not prohibit a firm from effecting the requirements of the provision electronically, but the firm is responsible for the accuracy and proper functioning of the computer program.</p>
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Executive Summary
On June 29, 1994, the Securities and Exchange Commission (SEC) approved a new short-sale rule for Nasdaq National Market® securities traded on The Nasdaq Stock Market™ (Nasdaq). The rule takes effect September 6, 1994, for an 18-month pilot period.
The Nasdaq® short-sale
Testimony Before the Subcommittee on Oversight and Investigations
Testimony of Stephen Luparello, Vice Chairman of FINRA Before the Committee on Agriculture
FINRA’s NAC Revises the Sanction Guidelines
In my opinion Finra needs to stop loading restrictions those don't make sense. Let traders and me decide rules for public investments unless it's protection of my assets. No test process is needed without my approval stupid. Too much government and it's control is not acceptable while filling their own pockets using corruption.
