The fact that this proposed rule is even being considered is chilling. The USA has always lead the world by being the epitome of free market capitalism. Its a travesty that this anti-patriotic, anti-capitalist, authoritarian rule was even proposed. What a crying shame.
Within reasonable limits, consenting and legally competent adults should be able to invest how they please.
Limiting the general public's access to capital markets and leverage isn't the answer. Sounds like something a banana republic would do.
The restrictions that SEC is trying to impose is going to hinder the ability of common man to be able to use the money the way they want and goes against Capitalism. These restrictions will widen the gap between the rich and the poor. Hope that SEC doesnt proceed with these legislation.
(a) Application
This Rule shall apply exclusively to the activities of members in connection with the securities of companies registered under the Investment Company Act; provided however, that Rule 2320 shall apply, in lieu of this Rule, to members' activities in connection with "variable contracts" as defined therein.
(b) Definitions
(1) The terms "affiliated member,
(a) ApplicationThis Rule shall apply exclusively to the activities of members in connection with the securities of companies registered under the Investment Company Act; provided however, that Rule 2320 shall apply, in lieu of this Rule, to members' activities in connection with "variable contracts" as defined therein.(b) Definitions(1) The terms "affiliated member,"
TRACE data is available from a number of market data vendors, both via display applications and data feeds (and/or FTP files). Below is a partial listing of market data vendors that make TRACE data available as part of their service(s). Additional vendors may exist but have elected not to be listed. Please note the information presented has been provided to the Financial Industry Regulatory
I understand the intention of three day trades per week was to reduce the risk and losses incurred. Over the years, it seems to have actually exposed traders to more risk. Allowing no more than three round trip trades in five business days has created a burden on traders as well as brokerage firms. Traders who wish to trade in small amounts to build capital typically do not have access to the
This is America, the Land of the Free, not communist China. Capitalism IS about taking risks, AND about taking responsibility for the results. I am an American adult. I expect to be treated like one. You may be a Democrat, but you are still an American. Please don't forget that.
I want you to know that leveraged and inverse funds are an extremely important part of my investment strategy.
These types of funds help me to find above average returns and dividends on my capital and I use them as a supplement to the bulk of my portfolio.
FINRA Board, This is a major regulatory overreach. I would hope that this rule regarding individual investors' access to "complex" investments was proposed with the best of intentions - to protect investors from tking on unnecessary risk. But it is not up to you to determine the level of risk that an individual investor is willing to take on - it is up to the investor, and the
