Regulation needs to be imposed on companies and corporations NOT individuals. The accredited investor rules are not only insulting to lower income people but prohibit them from obtaining wealth. These rules favor the rich and punish the poor. They are unfair and geared toward corporate America verses American citizens!
While the financial industry does need strong oversight, this rule is too restrictive. I oppose this rule and feel like it will result in fewer alternatives for investors. The ability to use leverage can certainly increase or decrease returns substantially. I want the ability to take advantage of leverage.
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Executive Summary
On August 7, 1997, the Securities and Exchange Commission (SEC) approved amendments to the National Association of Securities Dealers, Inc. (NASD®) Code of Procedure setting forth, among other things, general procedures for
FINRA has updated the FAQ on the Eligibility Proceedings for Firms Participating in the MCDC Initiative.
The Securities and Exchange Commission (SEC), Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals. The free webcast is open to the public and will take place on Thursday, December 7, 2023, from 10:30 a.m. to 4:30 p.m. ET.
INFORMATIONAL
Bond Mutual Fund Volatility Ratings
SUGGESTED ROUTING
KEY TOPICS
Advertising/Investment Companies
Executive Representatives
Legal & Compliance
Mutual Fund
Registered Representatives
Senior Management
2017 Holiday Trade Date, Settlement Date and Margin Extensions Schedule
I support enhancements and change of rules, it's obvious that Citadel and other hedge funds have taken advantage of the rules of current systems
Summary
FINRA is issuing this Notice to remind members of their obligation to have systems or processes in place to determine whether a transaction in a TRACE-Eligible Security has occurred and is, therefore, reportable, even if it was not included on the TRACE security master list at the time of the transaction. In those circumstances, members should contact Market Operations to add the TRACE-
Please do not impose this rule. This leaves only wealthy investors to take part in opportunities with these funds. Investors know there are risks inherent with investing, especially in leveraged funds. This new rule will hurt investors, not help them. I strongly urge you to reconsider. Thank you.
