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2021071532701 Nikolay Zotenko CRD 6334022 AWC va (2022-1655079623710).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021071532701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Nikolay Zotenko (Respondent) Former General Securities Representative CRD No. 6334022 Pursuant to FINRA Rule 9216, Respondent Nikolay Zotenko submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2022073907301 Stephanie J. Xiao CRD 7013792 AWC va (2022-1655079623391).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2022073907301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Stephanie J. Xiao (Respondent) Former Investment Company and Variable Contracts Products Representative CRD No. 7013792 Pursuant to FINRA Rule 9216, Respondent Stephanie J. Xiao submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Joseph Mackey Comment On Regulatory Notice 22-08

Over the past 20 years millions of small investors have chosen to make their own investment decisions, and have invested time and money into EDUCATION. It's very clear that wealth has been consolidated .... to an unprecedented level ... and that trend is just continuing. Are leveraged and inverse ETFs risky investments? Surely they are. But with earnings (EPS) at nearly record levels, near-term volatility is inevitable. Let's keep these investment options open to everyone while focusing on education.

Perabjoth Bajwa Comment On Regulatory Notice 22-08

Investors should educate themselves before investing into any product no matter how simple or complex it maybe. Simply because people are unwilling to educate themselves should not mean that the remainder of us should be punished by prohibiting us from dealing with these products. Instead, a warning of some sorts should be provided for products where there is a concern regarding its complexity or riskiness.

Michael Higgins Comment On Regulatory Notice 22-08

All investments are risky. But everyone should be able to invest their money how they like without having to pass a test or be among the wealthy elite. Let people make up their own minds about whether to invest in leveraged and inverse funds. The option should be available to everyone not just a select few. I have invested in a leveraged fund and it is but one portion of my small portfolio. We'll see if in the long run it turns out to be a mistake, but if it is, it will be my mistake and hopefully I'll learn from it. But again, any investment may turn out to be a mistake.