Restricting use of leveraged and inverse ETF's is a step in the wrong direction. Individual investors need tools to help manage risk as much as industry insiders and the wealthy. I use them as a tool to hedge my portfolio. As the market retreated, I put a small percentage, about 2% - 3%, into some of these instruments to decrease my downside. The leveraged ETF's allow me to use a
This report continues FINRA’s efforts to share information that can help brokerdealer firms further develop their cybersecurity programs. Firms routinely identify cybersecurity as one of their primary operational risks. Similarly, FINRA continues to see problematic cybersecurity practices in its examination and risk monitoring program. This report presents FINRA’s observations regarding effective
Why do we engage with scammers? What makes one person more likely to engage than the next? Of those that engage, what makes someone more likely to lose money? On this episode, we dig into the research on these important questions with three academics in the field.
Dear FINRA:
I strongly oppose restrictions on my right to invest in public investments due to the following stated reasons:
1)I have over two decades of experience in investments in various types of stocks and bonds. I went through multiple bull and bear markets, and have obtained great gains. I am highly confident with my knowledge and skills in such investments.
2)I obtained higher returns by
I believe I should have (and retain) the right to make my own investment decisions, including the freedom to invest in cryptocurrency funds such as BITO and others.
Investing in anything, including ANY security or index, has inherent risks. Using intelligent analysis, certain risks can offer excellent rewards - again, with ANY security.
I don't believe it is fair to market participants (
I believe I should be able to choose the public investments that are right for me and my family, not FINRA. Public Investments should be available to all of the public, not just the privileged few. I shouldn't have to go through any special process or pass a test before I can invest in leveraged and inverse funds, as I am capable of understanding the risks. These funds are important to my
I've invested for my own account over 50 years, and served as a NASD/FINRA arbitrator over 20 years. I dealt with options, high-yield funds, leveraged ETFs, and many other products. My concerns are disclosures and suitability.
Complex products require complex rules and complex disclosures. Disclosures must have a separate summary of risks in plain language, in addition to the legal
INFORMATIONAL
Imposition And Collection Of Monetary Sanctions
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Senior Management
Disciplinary Actions
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context of its own organizational structure.
Executive Summary
The purpose
I opposed these restrictions! Everyone one should have the right to choose any public investment they feel is right for them and assume the risk. Limiting the right to invest to only certain groups of people is wrong and creates an unfair advantage! Public investments should be available to ALL of the public, not just the privilege. This is unethical!!
By taking away this right from certain
The Direct Market Access Controls section of the 2019 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
