While I support education about so-called 'complex' investment products, imposing restrictions on purchasing such products is not the right approach. For many years, financial products have been plagued with excessive 'legalese' -- which is the biggest barrier to investors understanding the products in which they are investing. Even the SEC is guilty of obnoxiously wordy
Summary
FINRA has adopted changes to its rules to permit, and in some instances require, electronic service and filing of documents in disciplinary and other proceedings and appeals.1 FINRA has also amended its rules to require parties in proceedings before the Office of Hearing Officers (OHO) to file and serve the parties with their current email address and contact information at the
1. Does Rule 5110 apply to public offerings that also are regulated under Rule 2310?
Yes. Rule 2310 regulates the underwriting terms and arrangements of direct participation programs and unlisted real estate investment trusts (collectively, “Investment Programs”) that are publicly offered. All public offerings in which a member participates, with limited exceptions provided in Rule 5110(h),
It is NOT up to you to decide how I invest MY money.
This proposal is unconstitutional and can only be decided by individual states. Additionally you can simply warn people about the risks but not make it more difficult to invest or trade in certain funds as that is an undue burden.
Leveraged and inverse funds are important to my
investment strategies. Consider explaining ways I use
leverage and inverse funds, including that they help I
protect (hedge) my investments or seek enhanced returns,
and if I use them as a limited part of your overall portfolio.
Please do not restrict investor choices of by elimination of certain funds that have been previously available for us to invest with. I consider this to be a restriction of investor freedoms.
Dear FINRA:
I am opposed to the limitation of limits in the purchasing of leveraged and inverse ETF's.
Most sincerely,
Stephen F. Condren
