The risks and benefits of leveraged ETFs are well known to investors. I should be able to invest in a product that I research and feel comfortable investing in. If we regulate leveraged etfs, what about regulating home purchasing (5x leverage) or the actions of Wall Street.. where large players can easily manipulate single stocks through short selling or otherwise?
It is the investors duty to make sure they perform they fulfill their due diligence on the stocks they are going to invest. Most of the trading platforms warn the investor about the nature and volatility risks of these stocks already. There is no need for extreme oversight as such. They should put these regulations in action for the gambling industry if they want to protect the consumers/retail
I am opposed to FINRA establishing boundaries / restrictions on my ability to trade leveraged and indexed funds without meeting certain "educational", experiential, net worth, etc. criteria. I will definitely encourage and join any class action suit if FINRA takes any such steps and have several General Counsels and Pillsbury Shaw Pittman to work with.
Attempting to impose this regulation limits the ability of the lower and middle class access to powerful investment vehicles that were previously only available to the wealthy. Stop this legislation. It is not in the best interests of the public. I would consider a class action lawsuit against any regulator who backs this legislation, stopping the progress and wealth creation ability of the
(a) Procedures for Reviewing Transactions
(1) An Executive Vice President of FINRA's Market Regulation Department or Transparency Services Department, or any officer designated by such Executive Vice President (FINRA officer), may, on his or her own motion, review any over-the-counter transaction involving an exchange-listed security occurring outside of Normal Market Hours (9:30 a.m.
Haven't been investing very Long, but what I'm seeing seems like it's all in favor of the big company's and not for the individual investor. I like what you want to do with the rule changes, but talking about it, isn't good enough. NEED TO SEE ACTION, from all levels.
The proposed amendment to FINRA 4560 is a laughable attempt at improving naked short selling internal control measures, actual regulatory action, or really any kind of further obligation on the part of the involved broker-dealers. There have been hundreds if not thousands of regulatory "actions" taken by FINRA related to short sale, and misreporting/misclassification of shorts. This
Shell companies—companies that have no or nominal business operations or non-cash assets for an extended period of time—can be used for legitimate purposes. However, they can also be used by fraudsters as vehicles for stock manipulation. Learn the signs of this type of fraud and how to protect yourself.
The FINRA Board of Governors will consider the following rulemaking items at its December 2014 meeting. After the December 4 meeting, FINRA will notify firms via email about the Board's actions on these items and anticipated next steps, if any.
TRACE: Public Dissemination of Additional Securitized Products and Reduced Reporting Timeframe
The Board will consider proposed amendments to TRACE
Regulatory ObligationsRules 203(b) (Short sales) and 204 (Close-out requirement) of Regulation SHO provide exceptions for bona fide market making activity. The SEC has provided guidance on what constitutes “bona fide market making activities” as well as examples of what does not. Firms must also confirm and be able to demonstrate that any transaction for which they rely on a Regulation SHO bona
