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.
Timothy Thompson is Senior Vice President, Enterprise & Financial Solutions. More specifically, Mr. Thompson serves as the Head of FINRA’s Enterprise Risk Management (ERM) Team. ERM provides a consolidated, organization-wide view of risks that could potentially have a significant impact on FINRA’s ability to achieve its mission, strategic goals and key
I got a letter from Proshare urging me to oppose FINRA regulatory notice 22-08 and I almost submitted my public comments but decided to actually read the FINRA notice first. It was an eye-opener to say the least. I am an educated and experienced trader who understands the risks of complex instruments such as inverse funds, leveraged funds, options etc. But the examples FINRA shared of
I got a letter from Proshare urging me to oppose FINRA regulatory notice 22-08 and I almost submitted my public comments but decided to actually read the FINRA notice first. It was an eye-opener to say the least. I am an educated and experienced trader who understands the risks of complex instruments such as inverse funds, leveraged funds, options etc. But the examples FINRA shared of
Options are far more dangerous than leveraged ETFs for multiple reasons (e.g. time decay with options whereas one can hold ones "too soon" leveraged positions until market conditions change) and youre proposing this? Makes no sense. Please leave we the investor make own decisions. Politicians should not restrict the freedom of the little guy while only benefiting the privileged
As a small business owner and someone who enjoys directing my own investments, I want to comment on the proposed regulation of leveraged and inverse funds. Leveraged funds make up a small, but important part, of my investment strategy. These funds are not difficult to understand nor are their potential risks and benefits. My investment strategy is conservative but leveraged funds give me an
This is proposal is another fine example of government intervention where none is needed. I know that this proposal is written by special interest groups driven by their profit motivation not for the best interest of the public. No one is going to invest in a leveraged fund unless they know what they are investing in. In no way should regulations require that investors go through any special
We should be allowed to invest in funds we like to invest. all regulator should make sure that funds disclose their investment practice clearly and funds are not doing any fraud or providing miss information to investor. regulators should not discriminate small investors but provide all exceptions to big investors assuming they are very well educated and risk aware.. infect big investors are on
I like having the ability to invest in leveraged funds. I do not want this option taken away, or limited by some gate-keeper that gets to decide what I do with my money.
These are calculated risks I take and provides me choices for high growth.
I understand that we're trying to protect uninformed people, but you can't solve this by showing people pages of text before they trade
The purpose of restricting individual investors to purchase leverage ETFs by FINRA is questionable since my stock broker, Fidelity, already informs investors volatility and risks of losing capital seriously. Those who are trading leveraged ETFs are well aware of the consequences and ready to be responsible for high market volatility. In reality, most of novice individual traders don't
