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I likely would fit all the criteria (VHNW, etc.) which I sort of sign off on for options trading at Fidelity yet I oppose this action. There are better ways to achieve investor protection without making them jump through hoops which in practice just turn out to be theatre.
I agree with extensive warning and labels to ward off uneducated investors. But regulator imposed tests, etc. are just
I have been investing in leveraged mutual funds for several years. They helped me earn my first and second million dollars. I hear you are considering limiting access to only the very wealthy who can also pass a test. I asked you not to do this. If you were to make regulation please at least allow those of us that could pass a test expressing a reasonable level of understanding of market risk to
INFORMATIONALTrade Reporting and Compliance Engine (TRACE)SUGGESTED ROUTINGKEY TOPICSLegal & ComplianceOperationsSenior ManagementIT ManagementDebt SecuritiesTrade Reporting and Compliance Engine (TRACE)Rule 7010(k)Executive SummaryThe TRACE system became effective on July 1, 2002. Since that time the TRACE fee structure has been operating under a pilot program approved by the SEC that
Proposed Rule Change to Amend FINRA Rule 8312 (BrokerCheck Disclosure)
I as an individual investor should be able to choose the investments that are right for me and my family, not just for the "high net-worth" accredited one-percenters. I should have to go through a process of passing a test before I can invest in public securities unless the government is willing to train individual investors like me and administer the test free of charge.
FINRA customers using a VPN to access the MPP products’ (ADF, ORF, TRACE, TRF) FINRA test network (NTF) will be required to make a configuration change by close of business, May 3, 2024.
Once again the Federal Government is going to try and decide what is good for the public, the same public that pays for everything. The only person that should decide how I invest MY money, is ME. If you are going to impose a "test" in order for me to show understanding of the financial instruments I choose to invest it, I guess you're also going to reimpose the "poll tax
I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just The privileged. Furthermore, I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I did not have to do this to make a purchase. I am capable of
