I don't understand why people can be allowed to invest their life savings into a single stock that may crash and go to zero, but leveraged etfs are where we draw the line? People are always going to find a way to be risky in the stock market, leverage is one of the more well thought out ways to do it.
TO: All NASD Members and Other Interested Persons
ATTN: Operations Principal, Cashier, Buy-in Personnel
EXECUTIVE SUMMARY
Last Date for Comments: October 1, 1986.
The NASD Board of Governors is circulating for comment a proposed amendment to the Uniform Practice Code, Section 59, Close-Out Procedure; Buying-in. It would require that buy-ins returned by a clearing corporation to a broker be
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Senior ManagementLegal & ComplianceOperationsSyndicateTradingTraining*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) recently adopted seven rules ("Rules") under the Securities Exchange Act of 1934 requiring broker/dealers engaging in certain recommended
Short selling and rehypothecation has been used to the detriment of retail investors and is threatening to destroy the entire market structure if left unchecked. Stricter reporting of positions, including naked shorts should be happening already. Brokerage firms, market makers, and other financial institutions were never meant to have as much control over the financial markets as they currently
Arbitrator Training
Training Module
Arbitrators must complete the Expungement training course and pass the exam with a score of at least 80%. It is available on FINRA’s training platform.
Expungement Training (Module 16)
Enhanced Expungement Training - NEW
The Enhanced Expungement Training provides an overview of revisions to the Codes of Arbitration Procedure to
Addition to previous submission today. Cryptos were clearly described by Buffet and Munger recently!!!! The term Derivatives is showing up in publications describing stocks. THIS IS AN ABSOLUTE NO NO. Derivatives is a wild card word. It can mean anything! Certainly not a legal definition of a stocks worth. Please veto it before it becomes accepted. Arnie Allison
My investments are my choice. I dont get to buy or sell stocks in advance before passing legislation that effects stock value like you elected officials. Leave my options alone. If you dont understand triple leverage and inverse funds, thats not a reason to limit me from using them.
I very much oppose these proposed restrictions. Any and every stock issue carries risks inherent to the individual stock, and these are no different. It is up to the investor to educate and investigate the risk and determine whether it fits within their own risk profile. This is not for the regulatory industry to define, unless the information and prospectus is giving false and/or misleading
No reason to penalize everyone for a few bad apples. I use inverse ETF's during times when the stock market is going down to balance out (hedge against) losses and so I can hold on to my winners. If the inverse ETF's are subject to special processes beyond the usual rules for all stocks, this would be unfair.
Money you make on an investment is considered a capital gain, and in most cases, you’ll need to pay a capital gains tax. If your investment loses money, you have a capital loss. Your capital gain or loss is the difference between the sale price and the cost basis, and the tax rate depends on how long you held the investment.
