The Neutral Corner, Volume 6—2008
Summary
To bring attention to a rising trend in the fraudulent transfer of customer accounts through the Automated Customer Account Transfer Service (ACATS), FINRA issued Regulatory Notice 22-21, which alerted member firms about how bad actors effect fraudulent transfers of customer assets using ACATS (referred to as ACATS fraud). That Notice listed several existing regulatory obligations that
Last Voting Date: January 30, 1998
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Executive Summary
The National Association of Securities Dealers, Inc. (NASD® or Association) invites members to vote to approve amendments to the NASD By-Laws to require executive representatives of members to update firm contact information electronically, to maintain
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As you may be aware, FINRA has already begun the rollout of FINRA Gateway—your new front door to FINRA. This new platform is intended to streamline compliance functionality. Throughout the development process, we are working with our users within the industry to add value to their interaction with
I dont believe that investing should be limited to only high net worth customers. There is unlimited information available for everyday investors to learn about options. Public investments should available to all public investors not just segregated to those that are deemed eligible or wealthy , etc.
I would like to voice my concern over restricting leverage trading. They are vital to my retirement strategy. I can make great profits with less exposure and in a shorter time frame. The brokerages do an outstandin job of informing us of the risk and that they are for short term trading.
I want the ability to choose the public investments that are right for me and my family. I do not want to be limited or restricted from buying leveraged and inverse funds. I am a well informed investor, and it is not right to restrict my investment options and allow others to have full access.
Inverse funds are used as a means to hedge investments. There is ample information and training online regarding short ETFs and therefore testing investors is an unnecessary administrative and financial burden. Regulations should not be put imposed on individuals who should have the freedom to manage their own risk.
This type of should not be removed from access to the genral public. There should always be information available to understand what the risks are with all investments. Those are in place with the current laws. Please do not constrain our investment options with laws that oppress our individual investment decisions.
