Comments: To whom it may concern: I am writing to provide input concerning the issue of FINRA proposed rules to limit access to leveraged and inverse ETFs and "complex products". I use leveraged and inverse ETFs regularly as a hedge against market volatility. This has been a very valuable and successful tool for me. I fully understand that uneducated investors may use them incorrectly
I think its a dumb rule. People take out margin and risk owing the brokerage. Levered funds remove that risk
Along with the risk comes a great deal of opportunity, The risks are already clearly explained and do not need any possibly restrictive regulation.
Guidance on FINRA’s Suitability Rule
Comments:Investors should be allowed to access and trade leveraged and Inverse ETFs as long as investors are given a description of risks involved and acknowledge the risks.
LEVERAGED FUNDS ARE EASY TO UNDERSTAND AND ARE A GOOD WAY TO ENHANCE RETURNS. THERE IS RISK WITH EVERYTHING, BUT OPTIONS ARE FAR MORE OF A RISK TO AVERAGE INVESTORS.
I understand the risk involved in leveraged funds. Public investments should be available to everyone. It is my portfolio and solely my responsibility to take such risks.
TO: NASD Members Participating in Sales of Direct Participation Program Securities
The National Association of Securities Dealers, Inc. is circulating the attached questionnaire to members which participate in sales of direct participation programs in order to ascertain the level of interest in a communications service that would disseminate information about DPPs to members and sponsors. This
(a) GeneralA member designated as a Restricted Firm shall be required, except as provided in paragraphs (e) and (f) of this Rule, to establish a Restricted Deposit Account and deposit in that account cash or qualified securities with an aggregate value that is not less than the member's Restricted Deposit Requirement, and shall be subject to such conditions or restrictions on the
SUGGESTED ROUTING
Senior Management
Government Securities
Internal Audit
Legal & Compliance
Executive Summary
The Department of the Treasury (Treasury) recently approved amendments under the Government Securities Act of 1986 (GSA) that establish risk assessment rules for government securities broker/dealers registered under Section 15C (Section 15C broker/dealers) of
