September 25, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access both online using a computer and 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?
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 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.)
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 : None
Futures : None
Cryptocurrencies : 2-5 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?
If my account is negative (trading on margin) or if I exceed the number of day trades in an alloted period when my account does not support the number of trades.
Also whenever a company like Robinhood decides they want to restrict trading for any reason whatsoever.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
I think it's irresponsible and near criminal that companies like Robinhood are able to restrict the purchase of any specific stock, especially when there's high purchase volume, causing the share price to essentially tank.
Given the information coming out lately surrounding Citadel, and Robinhood regarding potential market manipulation, I implore the SEC to do their job and conduct a proper and thorough investigation into any and all claims of such criminal activity.
Naked shorting is illegal however it's rampant and nothing is being done. Lastly fines for breaking any law shouldn't amount to a simple slap on the wrist. It's laughable the fines equate to pennies compared to sheer amount these companies/people end up making, so of course they'll simply pay the fine. It should be so steep along with actual jail time that anyone even thinking about market manipulation, naked shorting, etc would actually have to think twice. As it sits, they break the law, make millions and pay a fine. Like a parking ticket.