As previously announced on March 22, 2024 in a FINRA Trade Reporting Notice, FINRA is implementing enhancements to the FINRA equity trade reporting facilities to support the reporting of fractional share quantities. The enhancements require associated updates to FINRA’s trade reporting guidance, as described in greater detail in the March 2024 Trade Reporting Notice. These enhancements are being
FINRA Updates Designation Criteria to Require Firms Reporting U.S. Treasury Securities to TRACE to Participate in FINRA’s Business Continuity/Disaster Recovery Testing
I use leveraged funds to enhance the performance of my long-term portfolio and rebalance them systematically on a quarterly basis. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification
I believe FINRAs scheme is misguided because it:
Hurts Investors: It could potentially deny you the freedom to choose investments that could
help you achieve long-term financial security.
Is Arbitrary and Unworkable: FINRAs definition of complex products is so broad, arbitrary
and vague that it could ensnare a vast number of commonly used public securities and affects my ability to freely
I have been investing for many years and it is just un-american to try to stop normal up standing American citizens from the right to make their own investment decisions. It is important that each individual have the right to choose the best investments for their family. All investments should be available to all of the public, not just the privileged super-rich who then take advantage of the
Add my opposition to restricting the sales of these long established securities. I live by ETFs, inverse ETFs and BDCs, which pay high dividends. To make them illiquid by making them unavailable to all is hardly leveling the playing field. It would actually destroy my whole financial plan and portfolio. This is unfair punishment for which no crime has been committed.
I finally determined a way to
Dear FINRA regulators,
We believe it is an investors right to freely access the entirety of the public securities markets without any arbitrary restrictions. Any restrictions could potentially deny us the freedom to choose investments that could help us achieve long-term financial security.
FINRAs definition of complex products is so broad, arbitrary and vague that it could ensnare a vast
Hello,
I have traded stocks as an individual retail trader for 20 years. I trade in a very short term and responsible manner, and supplement my retirement account using this method.
As a licensed hairdresser by trade with no college education, I have earned the bulk of the money I will retire on trading triple leveraged etfs successfully. Removing my ability to trade these tickers would severely
I am capable of understanding leveraged funds and their risks. I do not need these measures imposed on me. However, some better disclosure from the providers could be helpful to the public. Disclosures could include:
1) Predetermined plans for reverse and forward splits: "We will reverse split this fund if the value falls under $x.yz for a period of _________ days."
2) Better
I realize that you think you need to protect the public. If this is the case why not just restrict all of these types of plans. Putting restrictions in place so that a select few can use these investment vehicles makes it look like you are trying to create a protected class of people that can invest in this way. Don't they already have an advantage because of the way brokers treat them.
