Risk and reward go together in Free Enterprise. The responsibility to understand risk and then willingness to engage are an individual's prerogative. Those of us who are educated, responsible, and recognize the downside should be allowed to invest in leveraged funds. I am somewhat offended that people who don't understand the risk "cry foul" when they don
I, not regulators, should be able to choose public investments that are right for me. Why is it that investors such as Bill Hwang have access to unlimited amounts of leveraged derivatives through banks? How exactly is that fair to individual investors? This proposal will deprive individual investors of access to tooling that fund managers such as Hwang have access to and used to make substantial
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws. The idea that we need someone (a regulator) to oversee our investment choices (
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA rules to reflect name changes to two FINRA departments: (1) the Office of Dispute Resolution and (2) the Department of Registration and Disclosure. Specifically, the proposed rule change would amend the General Standards, the
In observance of Christmas and New Year’s Day, the TRACE system will follow the schedule below:
Thursday, December 24, 2020 Early Close
Friday, December 25, 2020 &
To Whom it May Concern: I believe institutions such as Citadel and Melvin need to stop manipulating the market by illegal tactics. Strict enforcement needs to take place when these companies violate the rules regarding synthetic shares and FTD's. Fines of 10k are merely a slap on the wrist for these companies. The amount of money that these companies have would be like a 1 cent fine in ratio
Having been a retail investor for over two decades, I only recently discovered the extent of market manipulation really going on behind the scenes. I applaud your organization's proposed changes. Specifically I believe the markets would benefit from public dissemination, in real time, the short positions, dark pool flow, and FTD's. I personally would go further, requiring a responsible
Yes, short interest should be reported daily or at least weekly and in real time. Not you report today what interest was two weeks ago. Also why take a firms word for it what their short interest is. It should not be self reporting. Should be a system in place to confirm what they are reporting is true. Then finally, the most important thing. MAKE HEDGE FUNDS ACTUALLY REPAY THE SHARES THEY BORROW
The current price manipulation with AMC/GME et al has exposed the stock market corruption. All reporting agencies and SEC rules don’t make a difference in protecting the big money from the everyday average trader. It seems to me that the rules only apply to the small investor and protect big money instead. It’s all an incestuous relationship between the SEC, FINRA, DTCC and the like and the big
I think these rules need to apply the short sale reporting. The current system is rigged and Hedge Fund is taking advantage of it greatly. Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end
