TO: All NASD Members and Other Interested Persons
Following is a list of NASD Notices to Members issued during the third quarter of 1983. Requests for copies of any notice should be accompanied by a self-addressed label and may be directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D. C. 20006.
Notice Number
Date
Topic
83-31
July 7, 1983
Adoption of Revised and
INFORMATIONALDistrict ElectionsSUGGESTED ROUTINGKEY TOPICSLegal & ComplianceOperationsRegistrationSenior ManagementDistrict ElectionsExecutive SummaryThe purpose of this Special Notice to Members is to announce the nominees for the District Committees and the District Nominating Committees. The individuals identified in this Special Notice (see Attachment A) have been nominated for three-
Please don't restrict buying/selling leveraged funds. Restrictions provide an unfair advantage to the privileged. Leveraged funds are a valuable option for a small portion of my assets. Absolutely don't force anyone to sell leveraged funds they already own as this could case extreme negative consequences.
Leverage investment is a big part of my investing strategy. Why have a networth requirement to qualify on this investment option? It's not riskier than crypto or gambling. We just need a riskier asset to invest our money in. Leave it the way it is; make the expense ratio lower.
As a retail investor, the broad availability of investment products in securities and other asset classes is invaluable. Products such as leveraged and inverse funds are a definite value to retail investors such as myself, and any regulatory actions that limits or removes the ability to invest in leveraged and inverse funds is not appropriate nor wanted.
A. Its my right to make choices of my own investments
B. I started buying securities since 1973 . I have enough experience to make investment decisions.
C. The stocks securities I am holding represent own 5% of my total assets
D. I should not be subject to any investment restrictions
Leveraged ETFs have given retail investors access to strategies once only accessible to ultra high net worth families and institutional investors, all at a very reasonable cost.
Investors should understand the risks they are taking, but this is no different from any other risky asset.
Member firms should be aware of an ongoing phishing campaign involving fraudulent emails targeting executives and purporting to be from FINRA employees, with the goal of harvesting credentials. As indicated by the full, expanded email address hidden under a masked email display name, these emails are not from FINRA, and firms should delete them and consider blocking the fraudulent domains.
Every investor in America relies on one thing: fair financial markets. To protect investors and ensure the market’s integrity, FINRA FINANCIAL INDUSTRY REGULATORY AUTHORITY is a not-for-profit organization that oversees U.S. broker-dealers. We work every day to ensure that everyone can participate in the market with confidence.
SUGGESTED ROUTING*
Senior ManagementCorporate FinanceInstitutionalLegal & ComplianceOptionsSyndicateTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) recently approved changes to Part II of Schedule D to the NASD By-Laws requiring NASDAQ companies to notify the NASD of material news
