Sec. 10.3 The Board may adopt emergency By-Laws subject to repeal or change by action of the stockholder that shall, notwithstanding any different provision of law, the Certificate of Incorporation, or these By-Laws, be operative during any emergency resulting from any nuclear or atomic disaster, an attack on the United States or on a locality in which FINRA Dispute Resolution
FINRA Revises Sanction Guidelines
Summary
In response to the coronavirus (COVID-19) pandemic, member firms have made rapid and unprecedented changes to their business operations in order to prioritize the health and safety of firm personnel and investors, while maintaining the public’s access to capital markets. These changes include widespread use of remote offices and alternative work arrangements and new and expanded methods
The $25,000 requirement for pattern day traders in order to consistently trade Intraday is more hazardous then a “protection” the $25,000 requirement to preform consistent intraday trades, prevents small “start up investors” or people wanting to learn to day trade from effectively trading, as the PDT can effectively stop someone from avoiding a reversal in price action due to plain fear of being
The ability to protect myself, my investments and thus my ability to survive freely is a constitutional right. Economic manipulation to the negative impact upon free people is enslavement. To the freedom of the American people such an action done from the inside is treason and when done from the outside is an act of war. Do you want to harm the American people?
As an investor, I have used leveraged investments as part of my strategy for years. I already receive several warnings before trading my leveraged ETFs and I am fully aware of the risks and take full responsibility for the actions I take. Please do not put any further restrictions in place and allow the average investor the opportunity to invest in these types of securities.
You have no right to limit people's investments. As long as the funds make full disclosures, you have no right to limit anything. Your proposed action is clearly a violation of HUMAN RIGHT, people's right to choose!!!!
You should spend your time regulating the real problems bitcoin!!!! bitcoin has absolutely no protection at all.
TO whom it may concern,
This regulation is hurting the basic rights for the individual investors.
We have the right to invest in funds that we want without going through any special process to invest in leveraged funds. The risk is shared before making actions and this is important to my long term investment strategies.
Thank you for your consideration
Its really not your right to block or restrict investors the right to choose what they invest in. If someone wants to leverage 3x 4x or 100x its their right and their risk. If they win big they win. If they lose it all its their own fault. Children need their hands held. Adults playing in the financial world need to take responsibility for their own actions.
Investing in leveraged ETFs is a useful tool for retail investors and has clearly communicated risks and returns. I used them in my early investing days when I was very open to risk and as I have aged I phased out of them. Other people should also have the opportunity to take high risk high reward actions in an informed way.
