Summary
FINRA reminds firms to evaluate their exposure to LIBOR (formerly, the London Interbank Offered Rate), and review their preparedness to manage LIBOR’s phase-out. To understand how firms are preparing for that phase-out, FINRA surveyed a representative cross-section of member firms, including some firms with significant trading volume or positions in LIBOR-linked securities. This Notice
I am totally opposed to any restrictions on the freedom to choose what securities I'm allowed to buy. If protecting the public from excessive risk is the goal, then there are overwhelming categories of securities that Regulators would have to restrict. We would have not a free market but a restrictive one. It is the individual's responsibility and right to determine how much
Regulators need to keep their noses out of investor's business. We should be free to choose which investments we purchase, or ignore. Not only does making regulations more strict go against the very nature of the United States, it could greatly endanger those holding positions in those securities as holders could be forced out at inopportune times leading to forced losses BY THE REGULATORS.
I, as an individual investor, OPPOSE RESTRICTIONS TO MY RIGHT TO INVEST in leveraged investment products.
I should be able to choose the public investment products that are right for me and my family. All investment conmmunity should have equal right to access to public investment products, not just the privileged.
I shouldn't have to go through any special process like passing a test
Ornella Bergeron is a Senior Vice President in Member Supervision, responsible for leading FINRA’s Risk Monitoring Program. The Risk Monitoring team is a member firm’s primary contact point at FINRA. Through its ongoing and proactive monitoring, Risk Monitoring enables FINRA to implement a risk-based program that effectively focuses its resources and regulatory responses on risks of concern. To
Comments: At every step along the way of purchasing a leveraged ETF or ETN asset, it is very clear that these products should be held for short term active speculative purposes. Every website you go to when researching the products immediately warns traders about the dangers of beta decay due to long term holding of such assets. I would argue that the risks associated with trading leveraged ETFs
It is not the responsibility of an outside party to decide what is best for me or my family. They have no knowledge of me or my situation. It is my responsibility to review, assess risk and act in my best interest. To that end all risks and rewards are my own. Please stay out and stop the over regulation and coddling based on your need to control and "protect the less/under informed".
I am well aware of the risk involved with this ETF and able to handle the risk.
Unless otherwise indicated, suspensions will begin with the opening of business on Monday, June 17, 1996. The information relating to matters contained in this section is current as of June 5, 1996. Information received subsequent to June 5, 1996, is not reflected in this section.
Firm Fined, Individual Sanctioned
Litwin Securities, Inc. (Miami Beach, Florida) and Harold A. Litwin (Registered
Investing comes with risk. Investors, and not the government, are responsible for understanding and managing that risk.
