The Variable Annuities section of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
SUGGESTED ROUTING
Senior ManagementLegal & ComplianceMutual FundTraining
Executive Summary
The NASD reminds members of their obligations under the Rules of Fair Practice with respect to mutual fund sales practices. Members and their associated persons must ensure that their communications with customers (both oral and written) are accurate and complete regarding disclosure of
I am a retail investor and these funds offer me the opportunity to invest in strategies other than long equities. I am also an informed investor. I understand and accept the risks involved. I do not believe that regulation will encourage responsible investing. I do believe regulation will limit retail investor opportunity.
I am in control of my own investments and future. I should be able to take risks I deem appropriate based on my own information and do not want regulators limiting my options. This is an unfair practice and the common investor should have the right to make their own decisions on how they invest.
Comments:its my choice to trade any and all securities including leveraged and contra etfs. The information on its risks is widely available and I reviewed it many times. Its my responsibility. I and we do the Due Diligence as long as full disclosure is provided.
Thank you,
Mirek Wachowiak
This kind of regulation will only make it more difficult for the average citizen to achieve financial independence and awareness. This is the kind of barrier that allows institutions to maintain their monopoly on advanced trading tactics and instruments. There is already plenty of information and cautionary warnings in place that any reasonable person would understand their risks.
Yes! Please make these changes for a more fair and visible market. Individual investors are at a disadvantage when this information is withheld. The market should not favor short sellers as it does now. Congratulations on moving to make the changes the market needs!
Yes, please impose mandatory reporting on short sale positions in real time. The short sellers have real time data of the shorts sold, that information should be public and current. There is no free market without a transparent market.
By reporting FTDs and short positions it would allow for more transparency. It feels as if there are 2 sets of rules. The retail investor does not have all of the information to better equip themselves in their retail strategy. While giving institutions an upper hand.
Comments:
This is to inform you that there is no need of enhancements to current rules for Brokerage firms. There is already a warning at Brokerage firms and that is sufficient. We know they are short term and monitor them daily. No change is needed. This is in regards to Leveraged and Inverse ETF's. Please do NOT limit access. I depend upon them!
