It is unethical for regulators to step in and prohibit investors from investing, especially after selling of securities from the feds and congress due to unethical reasons. I oppose this and will pursue the actions needed to seek a fair market.
Freedom to trade in the stock market should not be hindered in order to give others an advantage. Also, trading on uptrends and downtrends should not be hindered since its a natural movement of stock market price action.
Finra would be better served finding a way to stop unregulated shorting of many securities in the US markets. This action against Leveraged and Inverse funds inhibits a hedging mechanism that is useful to individual investors.
I believe that it is every investors right to freely access the entirety of the public investment market without unnecessary restrictions. Your proposed actions only hurt, (not help), the free, fair and open investment markets.
I want more transparency and greater reporting. I also want more regulation and action by regulatory agencies regarding the coverage requirements related to short interest and FTD.
Hedge funds, corporations, and other institutions have information and resources far beyond what the retail investor can access. Not only are these entities over leveraged compared to retail, some use their advantages to break laws and/or tilt the market in their favor. Incorrect marking of a position as long when their short. Continuous fail to delivers because of naked shorting. Trading in dark
Government bureaucrats have no authority to infringe on the rights of free, private individual citizens to make financial decisions. Congress needs to take action to shut down regulators like FINRA who overstep their bounds.
The recent market volatility has nothing to do with people buying leveraged or inverse funds. It is the result of Fed actions, world events and mutual fund redemptions.
Please do not make us bear that burden.
I have invested wisely for many years and this attempt to limit my options to invest will damage the overall integrity and effectiveness of my strategy. i fully understand "leveraged and inverse funds and hope that this proposed action will not be instituted.
SUGGESTED ROUTING*Senior ManagementLegal & ComplianceRegistrationTraining*These are suggested departments only. Others may be appropriate for your firm.EXECUTIVE SUMMARYOn April 13, 1989, significant amendments to Article III, Section 27 of the NASD Rules of Fair Practice will take effect. This notice sets forth, in question and answer format, certain guidelines for compliance with the
