TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
The NASD is publishing Suggested Escrow Agreement Provisions and Suggested Language for Selected Dealer Agreements to assist members and their counsel in complying with SEC Rule 15c2-4.
BACKGROUND AND SUMMARY
Through its review of public offerings of securities conducted by the Corporate Financing Department, the NASD has the
I believe it is overly restrictive for the FINRA to prohibit or control the products investors choose to use for their own benefit. Leveraged products allow individuals to participate in investment strategies that give opportunities that before creation were only available to the rich investors and therefore without these options small retail investors are at a disadvantage. As one example, as an
FINRA welcomes comments on this paper, including input from financial industry market participants who are currently exploring metaverse technology or have identified other use cases in the securities industry.
To whom it concerns, the idea that you would restrict certain types of investments to just an elite class of people is completely absurd to me! I should be able to choose the public investments that are right for me and my family! This is MY MONEY and I should always have the right to decide where I want to invest that based on what I believe is in my best interest.
I oppose restrictions to my right to invest in leveraged and inverse ETFs. I believe the move is politically motivated and is not in the best interest of public. Leveraged ETFs and inverse ETFs form a significant part of my portfolio and restrictions on trading them will severely affect my ability to trade and invest effectively. Please keep these trading tools open for public.
This is not a case in which investors need to be protected by the government or regulators. Leveraged funds are important in these times of low interest rates to generate income for those who wish it. This is actually the safer alternative in many cases. Requiring a "test" in order to purchase certain securities is unnecessary, difficult to implement, and costly to monitor. A
I oppose any restrictions to my rights to invest I should have the right to make decisions to protect myself. You never had an interest before so sit on the sidelines and watch an let me win or lose at my own bequest. Go find some other industry to regulate lit term limits or something less useful.
Access to investment opportunities should not just be for hedge funds and the wealthy. Inverse and leveraged funds allow the common investor to protect longer term positions against losses from events like inflation and interest rate fluctuations. Securities often react stronger than the underlying index, thus only a leveraged position will make a substantial difference.
SUGGESTED ROUTING:*
Senior ManagementGovernment SecuritiesLegal & ComplianceOperations*These are suggested departments only. Others may be appropriate for your firm.
The NASD recently has been advised by the Department of the Treasury, Bureau of the Public Debt, of the reported misuse of federal government Form PD 1832, "Special Form of Detached Assignment for United States
Attempting to impose this regulation limits the ability of the lower and middle class access to powerful investment vehicles that were previously only available to the wealthy. Stop this legislation. It is not in the best interests of the public. I would consider a class action lawsuit against any regulator who backs this legislation, stopping the progress and wealth creation ability of the
