Transitional Broker LLC appreciates the opportunity to comment on Regulatory Notice 22-08 published by the Financial Industry Regulatory Authority (FINRA). We support FINRAs investor protection mission and commend FINRA for reminding members of their current regulatory obligations. However, we are deeply concerned that FINRA is considering a series of radical and unprecedented regulations that
As announced by the Board of the Federal Reserve System in the Federal Register on October 28, 2021, FINRA will collect detailed data on depository institutions' daily transactions of marketable U.S. Treasury securities and of the debt and MBS issued by U.S. federal government agencies including government-sponsored enterprises (agencies) via its Trade Reporting and Compliance Engine (TRACE
BROKERS ALONG WITH THEIR CLIENTS SHOUD BE ABLE TO MAKE INVESTMENT DECISIONS FOR THEIR CLIENTS. WHO KNOWS AND UNDERSTANDS THE NEDDS BETTER THAN THEIR ADVISORS
I should be able to choose my own investments and not have to go through special testing processes for investing in public securities, including and not limited to Cryptocurrency
i oppose restrictions to my right to invest
Beginning May 15, 2023, as described in Regulatory Notice 22-12, members must report transactions in TRACE Corporate securities which are part of a portfolio trade with an appropriate modifier. The Sale Condition 4 modifier, available via the TRAQS secure web browser and the TRACE FIX protocol (Tag 22004), will be available for this designation.
The TRAQS User Guide, TRACE FIX, and TRACE ATDS,
I really don't feel like I need the government to "protect" me from risky investments like inverse funds. This is a free market and I would like to be free to invest in anything I deem appropriate. If a trade goes bad, I don't expect anyone to bail me out. This is my money and my choice. I have to accept the risk I am taking on.
Retail investors shouldn
It is not the job of FINRA to determine what investments are "proper and allowable" for individuals - that is OUR choice! I use inverse funds to mitigate potential losses from our equity investments - so we can build an equity portfolio but limit potential losses during market swoons by balancing some of the equity positions with inverse funds without having to adjust our equity
Us as the people Who invest into the same markets who keep the American economy running should be the only voice & decision based solely on our own preferences on what we should invest in & not no politicians neither the sec. Demand that our senators & politicians keep their nose & hands off and away from our investments.
Please allow us to continue to freely invest.
