August 30, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access online, either using a computer or a mobile app but I also access the account(s) in other ways (e.g., by calling or visiting in person).
2. If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
Yes
3. On average, how often do you access your online account?
Daily/more than once a day
4. On average, how often are trades made in your online account, whether by you or someone else?
Less often than once a month.
5. If you access your account online, did you have the account first, and only began to access it electronically later? Or did you open the account with the idea that you would access it electronically immediately?
I downloaded an app or visited a website first, and then opened up an account with the company
6. My goals for trading or investing in my online account are (check all that apply):
Save and grow my money for short-term goals (in the next year or two)
Save and grow my money for medium- to long-term goals
Have fun
7. What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are: social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
As the chairman has mentioned. The point of regulations are to follow the spirit to make the markets better for everyone. How is the average person supposed to understand let alone have the time to read over the very long disclosure documents. It is obvious legalese and lengthy documents are being used to deter a good understanding of what people are getting into.
8. If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.)
The ability to set up an account and have it funded in days is great. Investing is very important for everyone and eliminating the barriers to entry has been great to see.
9. How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years):
Stocks : 2-5 Years
Bonds : Less Than 12 Months
Options : Less Than 12 Months
Mutual Funds : None
ETFs : 5+ Years
Futures : None
Cryptocurrencies : 1-2 Years
Commodities : None
ClosedEnd Funds : None
Money Market Funds : 2-5 Years
Variable Insurance Products : None
Business Development Companies : None
Unit Investment Trusts : None
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
Extreme volatility in a specific stock.
If I make 5 day trades without 25k in my account.
Brokerage goes bankrupt.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
The events of January where the decision to sacrifice the retail public for all the irresponsible brokerages and the nscc was very depressing to see. How is a market fair when brokerages can trade a stock that is being blocked to the retail public. By the SEC's own definition of market manipulation the brokerages or dtcc or nscc should be held liable and face criminal proceedings.