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?
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?
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 : 5+ Years
Bonds : 5+ Years
Options : 5+ Years
Mutual Funds : None
ETFs : 5+ Years
Futures : None
Cryptocurrencies : None
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?
It is my understanding that in the USA, it is perfectly legal for a group of brokers, MMs and clearing houses to collude to ban the buying of certain stocks because they would otherwise be exposed to the risk of a short position. I'm assuming they took this action because they knew there would be zero repercussions from the SEC.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
The entire GME saga has highlighted to me that the completely fraudulent financial system that is operating in the USA will continue to persist as long as the SEC take no action to protect retail investors or to enforce a fair and transparent system. I'm still not sure whether this is through corruption or incompetence.
To the SEC employee reading this, when Roosevelt first established the SEC they had 4 main objectives: '(1) to restore investor confidence in the securities market, which had practically collapsed (2) to restore integrity to securities markets by prosecuting and eliminating fraudulent and unsound practices targeting investors (3) to end million-dollar insider trading by top officials of major corporations and (4) to establish a complex and universal system of registration for securities sold in America, with a clear-cut set of deadlines, rules and guidelines'. After all of the fraudulent activity we have witnessed this year, can you honestly tell me that you and your colleagues are still committed to this vision?