August 27, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access using a mobile app.
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?
No
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?
Once to a few times a week.
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):
Keep the amount of money I have, while keeping up with inflation
Save and grow my money for medium- to long-term goals
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.)
I think PFOF needs to be reeled in. The fact that the majority of online platforms route their orders through Dark Pools to hide price action is deceptive, and should be illegal.
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.)
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 : 1-2 Years
Bonds : None
Options : Less Than 12 Months
Mutual Funds : None
ETFs : Less Than 12 Months
Futures : None
Cryptocurrencies : 1-2 Years
Commodities : None
ClosedEnd Funds : None
Money Market Funds : None
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?
Being too poor and trading too much can get you suspended.
It's totally unfair that there is a restriction on the number of trades per day based on your available money (25000). Rich people can take advantage of day trading and those just getting into trading without multiple thousands of dollars are left to hold and wait.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
It's a shitshow. I'm very upset with the regulation team. It takes you YEARS to draw decisions on matters, all the while those breaking the rules continue to do so, and make INSANE amounts of money in the process.
\"If the punishment for a crime is only monetary, it only serves to punish the poor\". Do your jobs, reel in the short / naked selling, dark pool routing, SWAP abuse, Reverse Repo abuse, and get trade finalization to T-1 or better.
It's not 1948 anymore, we have the internet and \"instantaneous\" data transfer. Get your act together.