* Hurts Investors: It could potentially deny my the freedom to choose investments that could help me achieve long-term financial security. Upends Our Regulatory System: Under the long-standing disclosure-based system, investors have the right to decide which public equities, bonds and funds they want to buy. * Investment always involves risk. It is investor's responsibility to control the
Please keep "complex" investment vehicles open to all of the public, not just to those with the most money to spend. Requiring tests and other hoops to jump through are not necessary. In this market, inverse ETFs are very important to prevent losses from holding standard equities. Inverse funds are essential to all in the difficult market conditions we find ourselves in now.
SUGGESTED ROUTING:*
Internal AuditOperationsSystemsTrading*These are suggested departments only. Others may be appropriate for your firm.
As of March 25, 1992, the following 63 issues joined the Nasdaq National Market, bringing the total number of issues to 2,766:
Symbol
Company
SOES Entry Date
Execution Level
LTCH
Litchfield Financial Corporation
2/25/92
1000
SCHL
NASD Clarifies Rules
Governing RR/IAs
Suggested Routing
Senior Management
Internal Audit
Legal & Compliance
Registration
Training
Executive Summary
On May 15, 1994, the NASD® issued Special Notice to Members 94-44, , which clarified the applicability of Article III, Section 40 of the NASD Rules of Fair Practice to investment advisory activities of registered representatives (
SUGGESTED ROUTING
Senior Management
Legal & Compliance
Registration
Training
To provide better geographic coverage to accommodate the delivery of the Continuing Education Program Regulatory Element, NASD has designed the PROCTOR® PRO system. This system provides computerized delivery of the Regulatory Element at remote locations. The PRO system is currently scheduled at
I have invested for 30 years. I have used inverse etfs to protect my investments in markets that decline, often because of government actions.
No one should have to pass a test administered by the government to protect their own finances.
This is overreach by a department that I do not believe is looking after my best interests. It is pursuing an agenda that is against my best interests.
Inverse funds allow me to hedge my portfolio against a market downturn. It is almost like having insurance for your car. Nobody wants to be in a auto accident, but it is nice to know that you are insured in case you are. I did not have to pass any special test before getting my auto insurance policy. I have the right choose my investments!
The government including any person working for said government needs to stay out of our private or public trading decisions. Overstepping by making a test for low IQ people is not how you make people feel like they matter. I am the only one that can decide what I want to invest in.
Stop trying to control every person in the US.
Interesting fact that I studied for and failed the Series 65 exam twice. I have two BBA's (one in Banking and Finance) and have NEVER failed an exam. Is this test rigged? Why not let folks invest in what they want? It's our money we have earned. Stop manipulating the market opportunities for the rich versus the hard working retail investor. Enough!
1. You not regulators should be able to choose the public investments that are right for you and your family. Public investments should be available to all of the public, not just the privileged. 2. You shouldn't have to go through any special process like passing a test before you can invest in public securities. Explain that you are capable of understanding your investments and their risks
