Comments: Please do no limit access to leveraged funds. I use them extensively, and they are excellent trading products. For those that are not familiar with them, there are excellent precautions in place by brokerages, including the requirement to read and sign information about the risks, as well as a risk statement with every trade.
I should be able to choose my publicly offered investments or pay an advisor to do so on my behalf without a bunch of unnecessary regulations and requirements. Im sure if the usual basic information regarding investment pros/cons and risks would suffice in making financial decisions.
I support transparency and disclosure of information regarding various investments. However, I believe in an investor's right to choose and do not want to see restrictions on my ability to use leveraged and inverse funds. They can have legitimate uses in, for example, hedging against certain market events.
It's important for these markets to be driven by real people. As lay investors, we have a right to form our own informed opinion of risk and benefit when investing; we don't need regulators to stop us just because they think a product is too risky.
The FINRA Board of Governors will consider the following rulemaking items at its September 2012 meeting.
INFORMATIONAL
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance Senior Management
Consultative Committees District Committees Enforcement Actions Market Regulation Committee
Executive Summary
NASD regulatory staff believes that greater industry input into its investigatory process would be particularly valuable in responding to emerging regulatory issues,
I am opposed to changes in my ability to invest in inverse or leveraged securities, because it is an important part of my investment work. I am very well informed about all of this, and these proposed changes would cost me a lot of money. I will take you to court if necessary.
The public needs more transparency and FINRA should put out as much legitimate and accurate information as possible so the “good guys” can at least START to TRY to put an end to the massive corruption and manipulation of our “FAIR & FREE” markets.
GUIDANCE
Supervisory Controls
Effective Date: February 14, 2006
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Registered Representatives
Senior Management
Trading
Rule 3012 (Supervisory Control Systems)
Executive Summary
On November 18, 2005, the Securities and Exchange Commission (SEC) approved amendments to NASD
Summary
FINRA has adopted new Rule 6439 (Requirements for Member Inter-Dealer Quotation Systems),1 which implements additional requirements for firms that operate systems that regularly disseminate the quotations of identified broker-dealers in OTC Equity Securities (each an “inter-dealer quotation system” or “IDQS”).2 Rule 6439 will become effective on October 1, 2021, except for paragraph (d)(
