Executive Summary
In mid-January, the Securities and Exchange Commission (SEC) approved a revised NASD Manual. To facilitate your adjustment to this new Manual, which is scheduled for publication and dissemination this May, we have included a Guide to the Manual: New-to-Old Conversion Chart and Old-to-New Conversion Chart. This material outlines the reorganized Manual and indicates where the
The following links should be helpful when filing online for your firm and associated individuals:CRD System and Related LinksElectronic Fingerprint ProcessingElectronic Fingerprint Submission (EFS)Filing Guidance Related to Registration FormsCurrent Uniform Registration Forms for Electronic Filing in CRD (U4, U5, U6, BR, BD, and BDW)Investment Adviser Representative (RA) Form Filing
Do not take away the right to freely invest in Public Securities! Taking a test or being told what a person can or can not invest in, that's not right?!
Regulators should not dictate what investment funds I choose to invest in. I should not have to take a test in order to invest. Please vote down this proposed regulation.
This version was introduced with the filing of SR-FINRA-2020-015, which has been filed for Immediate Effectiveness. This version is temporary and effective from May 8, 2020 through June 15, 2020, pending any future extensions.
(a) Filing by Applicant or Service by FINRA
(1) An Applicant for membership shall file an application in the manner prescribed in Rule 1013, including the timely
(a) Filing by Applicant or Service by FINRA
(1) An Applicant for membership shall file an application in the manner prescribed in Rule 1013, including the timely submission of an application fee pursuant to Schedule A to the FINRA By-Laws.
(2) An Applicant seeking approval of a change of ownership, control, or business operations shall file an application in the manner prescribed in Rule 1017,
People with my net worth ($5 million), education (MBA), and many years (60) of investment experience should not have to pass any other tests.
We investors know the risk associated with our investments, including leveraged funds. We don't need to take test to invest our own money!
Leverage and inverse funds are strategic investments for me. I should not have to pass a test to invest in these funds. Everyone should be able to invest in these funds; not just the privileged.
I should have the right to choose investments that I want and not be restricted by any sort of test, be it knowledge or means. Regular investors should make their own decisions on risk/benefit.
