September 7, 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?
Once to a few times a week
4. On average, how often are trades made in your online account, whether by you or someone else?
Once to a few times per 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 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.)
I largely do my own due diligence, but I like visually appealing user interface as well as quick access to independent news articles and quick statistics of a security from exchange
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.)
There was no change in behavior.
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 : 1-2 Years
Options : None
Mutual Funds : 5+ Years
ETFs : Less Than 12 Months
Futures : None
Cryptocurrencies : 5+ Years
Commodities : 1-2 Years
ClosedEnd Funds : None
Money Market Funds : 5+ Years
Variable Insurance Products : None
Business Development Companies : 1-2 Years
Unit Investment Trusts : 1-2 Years
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
I am familiar with the laws and rules, wash sales and trading on margin. I avoid day trading, unless I have a good reason to do otherwise. However I trade more aggressively and freely in unregulated markets where those rules do not apply. In both cases I manage to trade profitably, both short term and investing long-term.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
Although I believe I do not need babysitter in SEC and I believe regulations can be harmful, I do think some inexperienced market participants may require protection and regulations. Proper education of public should be a priority over any regulations. I like commission-free mobile trading platforms and I think existing SEC rules are sufficient. No changes necessary.