regarding the potential further restriction of leveraged ETFs : an investor does not him/herself borrow money to invest in a leveraged ETF, they simply buy it as they would any other security like a stock or bond. I personally invest in leveraged ETFs that track broad indices such as the S&P 500. Although these will be volatile, as they are levered, it is HIGHLY unlikely that they'd
Taking away investor rights to risk management assets like leveraged and inverse funds is robbing investors of income and simple tools which can only be emulated with complex options transactions if at all. Such regulation Hurts Investors: It could potentially deny us the freedom to choose investments that could help us achieve long-term financial security. Is Arbitrary and Unworkable: FINRAs
I Oppose Restrictions To My Right to Invest in Complex Products, including Leveraged and Inverse funds! Any attempt to impose restrictions on the individuals right to buy these trading instruments gives the large trading firms an unfair advantage and makes the market unfair to us. Large firms have resources to use trading programs and other trading tools which individual investors do not have.
NASD would like to remind members of their obligation to file the appropriate FOCUS reports, Schedule I filings, Annual Audits, Customer Complaints and Short Interest reports by their due dates.
Submission of "Clearing-Only, Non-Regulatory Reports" to the FINRA Equity Trade Reporting Facilities
I appreciate many of the actions that are listed. Requiring funds to post their short positions (whether synthetic or other) should absolutely be mandatory. The lack of transparency only creates opportunities for these funds to create illusionary positions and to skirt regulatory requirements. The greater the transparency these funds are required to maintain the greater the benefit to both
I appreciate many of the actions that are listed. Requiring funds to post their short positions (whether synthetic or other) should absolutely be mandatory. The lack of transparency only creates opportunities for these funds to create illusionary positions and to skirt regulatory requirements. The greater the transparency these funds are required to maintain the greater the benefit to both
TO: All NASD Members and Other Interested Persons
The following is a list of NASD Notices to Members issued during the second quarter of 1986. Requests for copies of any notice should be accompanied by a self-addressed mailing label and directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D.C. 20006.
Notice Number
Date
Topic
86-24
April 4, 1986
SIPC Trustee
TO: All NASD Members and Other Interested Persons
The following is a list of NASD Notices to Members issued during the fourth quarter of 1985. Requests for copies of any notice should be accompanied by a self-addressed mailing label and directed to: NASD Administrative Services, 1735 K Street, N.W., Washington, D. C. 20006.
Notice Number
Date
Topic
85-65
October 1, 1985
SIPC Trustee
Module 3: Security Futures explains the characteristics and elements of security futures.
