It has come to my attention that FINRA issued a notice on 8 March 2022 regarding certain securities with simple inverse or leveraged price movements.
Designation of these products as complex securities is completely unwarranted as any complexities in the structuring of these securities is no more relevant to investor, that the structuring of any other ETF. The price action is not complex to
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I am a simple accountant from Long Island, NY. I have been investing in inverse ETF's for 13 years. In 2009 I left a low paying job as a tax auditor for the Pennsylvania Department of Revenue. They cashed out my accrued pension benefits, which were worth $6,500. I deposited this money into a traditional IRA rollover account with a broker in February 2009. I invested 20% of the
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REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests membership comment on proposed
Any proposal to limit an investors ability to purchase inverse funds would not be well received and obviously ill-timed given market conditions. Every investment contains risk and a regulatory authority should not posses the authority to restrict an investors ability to use products such as these that can actually mitigate risk in one's overall portfolio. If such rules are implemented,
Summary
FINRA requests comment on a proposal to facilitate centralized access to members’ order execution quality reports for NMS stocks that are required to be published by market centers under Rule 605 of Regulation NMS. Under the proposal, FINRA members would be required to provide their Rule 605 reports to FINRA, which FINRA would publish in a centralized location on the FINRA website.
As an individual investor I am concerned that limiting my investment options is being considered.
Commodity ETFs, inverse ETFs, and leveraged ETFs are an important part of my investment strategy, both as defensive options in turbulent markets and as vehicles to enhance short to medium term trend investment strategies.
These investment vehicles should not be limited to use by high wealth
PLEASE< PLEASE< PLEASE DO NOT TAKE MY ABILITY AWAY TO BUY AND SELL LEVERAGED/INVERSED PRODUCTS. My Social Security Benefits does not pay me nearly enough to live off of. I am 68 years old and have been investing/trading for 22 years without a personal broker. I feel public investments should be available to all of the public,
I invest in stocks and ETFs (BOTH LONG AND SHORT
I have heard that FINRA is seeking to put restrictions on investors, particularly individual investors, from buying into inverse funds or leveraged funds. I am an individual investor and having been using leveraged and inverse funds for more than 10 years. I am quite capable of doing my own research and understanding the risks. In the current market environment using these types of funds is a
Summary
FINRA is issuing this Notice to provide guidance to member firms regarding suspicious activity monitoring and reporting obligations under FINRA Rule 3310 (Anti-Money Laundering Compliance Program).
Questions concerning this Notice should be directed to:
Victoria Crane, Associate General Counsel, Office of General Counsel, at (202) 728-8104; or
Blake Snyder, Senior Director, Member
