Greg Comment On Regulatory Notice 24-13

I have been a Financial Advisor for 12 years and a day trader for the last 3 years. I understand that the PDT rule was put in place to help limit the risk of loss for individual investors however I do not believe it accomplishes that. Most brokerage houses will allow 4X margin to be applied to a brokerage account for investing/trading. By requiring $25,000 minimum equity to be a day trader this essentially gives an individual $100K worth of buying power; this is an incredible amount of risk.

2021072581701 Moomoo Financial Inc., fka Futu Inc. CRD 283078 AWC vr.pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021072581701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Moomoo Financial Inc., formerly known as Futu Inc. (Respondent) Member Firm CRD No. 283078 Pursuant to FINRA Rule 9216, Respondent Moomoo Financial Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2024081403201 Richard Scott Linden CRD 4735031 AWC vr.pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2024081403201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Richard Scott Linden (Respondent) General Securities Representative CRD No. 4735031 Pursuant to FINRA Rule 9216, Respondent Richard Scott Linden submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2024081723301 Christopher Bailey CRD 6907048 AWC vr.pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO.2024081723301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Christopher Bailey (Respondent) Former Investment Company and Variable Contracts Products Representative CRD No. 6907048 Pursuant to FINRA Rule Christopher Bailey, submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2022074346001 Paulson Investment Company LLC CRD 5670 AWC geg.pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2022074346001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Paulson Investment Company LLC (Respondent) Member Firm CRD No. 5670 Pursuant to FINRA Rule 9216, Respondent Paulson Investment Company LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
Subscribe to