There is no need for any further regulation of leveraged or inverse ETF's. The risks of these products are widely known and understood by the vast majority of investor. It should be noted that they are no more risky than some of the "penny stocks" or "junk bonds" that currently trade. Despite using leverage, they are often less leveraged than many publicly traded
Sec. 8.7 In the event that any certificate representing shares of capital stock of FINRA Dispute Resolution shall be mutilated, FINRA Dispute Resolution shall issue a new certificate in place of such mutilated certificate. In the event that any such certificate shall be lost, stolen, or destroyed FINRA Dispute Resolution may, in the discretion of the Board or a committee appointed
I am not a broker. (1) It is arrogant to tell me or any other person what investments he can make. I assess my own risk. You know nothing about my risk tolerance. (2) I know my limitations. I understand the basic concepts of leveraged and inverse funds. I let the managers of these funds do their job, just like any other mutual fund or stock. (3) My leveraged and inverse fund are a minor part of
Investing always carries risks with it. Leveraged funds and inverse ETFs have risk. But we have seen the wild swings of the market and blue chip stocks have substantial risk as well. Perhaps those who wish to restrict access to investments mean well, but the net effect of limiting access to inverse ETFs and leveraged funds is that it will create a 'good ol boys' club for larger
It is ridiculous that FINRA puts in place rules which supposedly "protect" citizens, when in fact these regulations prevent ordinary people from making money on the stock market. Meanwhile, because regular people are excluded, Wall Street fat cats get to run rampant, making huge profits and taking money out of the middle class economy. As far as I can tell, FINRA protects Wall Street
It's very unfair that normal investors would not be able to use leverage and inverse funds! These funds have been a good hedge for me so far since the FED keeps messing up the stock market. Please look at today's market -- how many percentages S&P and Nasdaq have been going down since FED announced rate hikes? There's no safe heaven these days, except using some of the
Short interest need to not be self reported. There should be investigations every day or at least weekly to see how these hedge funds and market makers are influencing stock prices. Naked shorting is a disgusting practice that has caused economic crashes in the past. We need to learn from our past mistakes. The formula for calculating short interest needs to be fixed to show the actual number of
Any new rules to regulating shorts would be very welcome as a retail investor. As far as I’m concerned, these are the biggest problem in enforcing REG SHO and regulation of the shorting market is the T2 settlement period which obscures net positions for the average investor. And the other is the blurred line of market makers and hedgefunds. Hedgefunds can easily parade themselves as “bona fide”
SUGGESTED ROUTING*
Senior ManagementLegal & ComplianceOperationsRegistration
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EXECUTIVE SUMMARY
The 1989-90 NASD broker-dealer and agent registration renewal cycle will begin in early November. This program allows for simplification of the renewal process through the payment of one invoice amount that
TO: All NASD Members and Other Interested Persons
LAST DATE FOR COMMENT: FEBRUARY 14, 1988.
EXECUTIVE SUMMARY
The NASD requests comments on a proposed NASD Rule of Fair Practice that would require all persons associated with a member firm to provide prior written notice to the firm of certain outside business activities.
The NASD Board of Governors believes the proposed rule is necessary to
