Stop trying to control individual ability to participate in public markets. You show yourselves to be autocrats fighting to maintain an imbalanced and tiered society when you limit access to the wide world of available financial products and strategies. FINRA is not a government agency. Congress and the SEC should not being delegating their authority over markets to a cartel lobbyist group like
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to extend the current pilot program related to FINRA Rule 11892 (Clearly Erroneous Transactions in Exchange-Listed Securities) (“Clearly Erroneous Transaction Pilot” or “Pilot”) until July 20, 2022.
D-MERC SERVICES375 BALSAM ST, LAKEWOOD, CO 80226D. B. MCKENNA & CO., INC.207 WEST MAIN STREET, BENNINGTON, VT 05201-2108D. BORAL CAPITAL590 MADISON AVE, 39TH FLOOR, NEW YORK, NY 10022D.A. DAVIDSON & CO.8 THIRD STREET NORTH, GREAT FALLS, MT 59401-3104Mailing Address: P.O. BOX 5015, GREAT FALLS, MT 59403-5015D.E. SHAW SECURITIES, L.L.C.TWO MANHATTAN WEST, 375 NINTH AVENUE, 52ND
Forcing leveraged funds to only have a 1 day holding period is only hurting retail traders and is very indicative of the biased stance that the SEC chair is taking towards the average joe investor. Gimping and neutering many valid strategies around leveraged funds only benefit financial advisors and investment firms at the expense of the retail investor.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the expiration date of the temporary amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027 from March 31, 2022, to July 31, 2022.
Heightened Supervision of Complex Products
Leveraged funds have become an important part of my investment strategy. Adding any sort of limitations or restrictions on my ability to utilize these investments will have significant negative impacts on my ability to participate in financial markets which I believe should be open to all. The focus should be on investor education and risk disclosure, not limiting access based on an arbitrary
You so-called "regulators" are nothing [REDACTED] You constantly turn a blind eye to financial crimes committed at the highest level. You now want to shut down regular, retail investors from making an honest buck. All while you [REDACTED] scream from the rooftops how you're protecting the FREE MARKET. The hypocrisy just never ends. [REDACTED]
Investing began for the everyday person to own part of a company while helping to fund it's growth. All these proposed "little laws" that are created to create a bigger chasm between the rich and the not so rich, just reveal how transparently you try to keep the people" down.
Investing is a personal choice. Stop trying to keep my financial situation in dire
We should be able to choose the public investments that are best for us. Leveraged and inverse funds are important for our
investment strategies. A "cooling off" period destroys such strategies and causes unnecessary sales and other "knock-on" financial consequences. The existing extremely high margin requirements are sufficient for ensuring that those with
