This is not freedom. We do not need the FINRA restricting what securities people can buy or sell. We saw issues with Gamestop stock for example. The playing field should be level. It's even possible that people use outside the box trades, such as covered calls on TQQQ due to the high volatility and holding over time, arguably a reasonable approach given enough timeline.
As an individual investor, I should be able to choose public investments without restriction. Leveraged and inverse investment vehicles are important to my investment strategy. For instance, in order to hedge long exposure in S&P 500 stocks, I might buy a call spread in the VXX ETN. I am capable of understanding these types of financial products and do not need to be tested by my
I have a finance degree and have been investing since college. I invest in stocks, mutual funds, options, and leveraged and inverse funds. I'm quite aware of the risks involved from my 25 years of investing experience. Putting restrictions and forcing investors like myself to take tests doesn't help me. What I choose to invest in should be my choice, not the government.
Sec. 11.1 FINRA shall be the sole stockholder of the capital stock of FINRA Regulation.
Amended by SR-FINRA-2009-020 eff. Aug. 20, 2009.
Amended by SR-NASD-97-71 eff. Jan. 15, 1998.Selected Notice: 09-39.
Me and only me should decide what or what I can not buy for me and my family. I should not have to take classes or jump through any hoops to be able to do so.This is a free country and people should be able to purchase any stock they wish and should not only for the privileged. They had to start somewhere to get where they are and everyone should be given that choice
As an experienced and knowledgeable individual investor, I strongly oppose any restrictions for the adult investors to invest in public investments including but not limited to stock options, leverage and inverse fund. The adult investors themselves instead of FINRA or another people shall select and decide the type of the public investments to the best of their interest and investment goals.
Investing in any security is complex. There are individual securities that are of much higher risk than the leveraged securities. The leveraged securities are offered generally for indices which consists of tens of hundreds of individual stocks. In the absence of leveraged securities investors will go into margins which is equally risky. Investor education will certainly help but it should
These regulations will more broadly effect individual investors and again give more advantage to institutions which already have significant advantages in the market. It is my decision if I wish to invest in leveraged stocks. You can help educate individuals but to take their decision making away from them is unlawful, Especially when my right to invest is not imposing on the rights of other
To regulate L&I index funds is a grossly misguided decision. If FINRA seeks to protect investors from complex products, they should instead go after options, derivatives, short-selling, and other truly complicated financial practices. L&I funds are traded by average retail investors like me in the same manner that stocks are traded; they are simple to understand and necessary to
INFORMATIONAL
Trade Date—Settlement Date
SUGGESTED ROUTING
KEY TOPICS
Internal Audit
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Municipal/Government Securities
Operations
Trading & Market Making
Trade Date-Settlement Date Schedule
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context
