What Is the Role of the SEC and FINRA in Day Trading?
Did you know that the SEC once fined a day trader for using a trading strategy called “pump and dump” that involved more drama than a soap opera? In the world of day trading, understanding the roles of the SEC and FINRA is crucial for navigating the complex regulatory landscape. This article dives into how the SEC regulates day trading, protects traders, and enforces rules, while also exploring FINRA's responsibilities and monitoring efforts. Key topics include registration requirements, penalties for violations, and the impact of regulations on trading strategies. By grasping these essentials, day traders can better safeguard their investments
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