If regulators were truly concerned with retail investors well being there would be actual transparency when it comes to dark pools. There would be jail time for breaking the law, not fines that are rolled into the cost of doing business.
Dont worry about me and my money. Go after the financial terrorists that manipulate the stock market daily.
I do not support these changes. I should not need approval from my bank to make an investment. These rules are ridiculous! I consult with a financial advisor from a well known institution. These investment tools are risky, but I feel they are unique and productive. They are made up of reputable companies. Regulators should be more concerned about crypto. A real pyramid system.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to: (1) amend Form CMA (Continuing Membership Application Form) required under Rule 1017 (Application for Approval of Change in Ownership, Control, or Business Operations) to conform to amendments to the Membership Application Program (“MAP
Comments:Why do you propose new rules when these are just fine? They give access to profits, previously only available in much higher risk commodity futures trading. Do you propose to limit that too? The risk and rewards are made abundantly clear, as they are stated in the prospectus. Just leave well enough alone. Ty.
Over regulation is hurting not only Stock Brokers ,it is hurting Insurance Agents as well. Regulators should not be able to kill an industry just so they can justify their jobs. With Fixed Index Annuities the suitability forms and requirements are beyond reason, and have killed millions of dollars worth of sales, and hurt millions of agents and potential customers.
I appreciate the ability to sometimes purchase leveraged or inverse funds as it as an alternative to using options, especially in times of volatility when the IV of the underlying makes options too expensive. During the start of the pandemic I purchased some inverse leveraged funds as a way to cushion my portfolio. It worked well, and I would not want that ability taken away.
I am totally opposed to restrictions on purchases of leveraged funds as well as shorting. Stock holders should have the ability to choose what they wish to purchase. This should not be left us to regulators. Public investments should be available to all of the public, NOT just the privileged. Leveraged and inverse funds are important and should be a part of my investment strategies.
I've been an individual investor since 1999, and this new rule called "Reproposal of Amendments to Rule 15c2-11", if that is the reproposal in question? Well it's blatantly discriminatory since it requires a certain net worth in order to quality for equal access to all investment options. That's also known as income discrimination. As such, I strongly
I choose my investments wisely, as well as subscribe to others who have made a career out of investing. I don't want my investment choices limited.
My use of leveraged funds is limited to the times the market, or a particular sector, is moving lower. Those funds are not something I hold for a long time, I understand their loss of value over time.
Please do not impose further regulations on these investment tools. It is a very useful investment strategy to grow wealth and avoid loses in markets. I should be able to choose investments I think work well for my family. I completely understand inverse funds and other leveraged securities inherent risks and costs. These funds are extremely important to my investment strategies.
